Avianca aims to delay aircraft deliveries
Avianca will hold off on receiving new aircraft as it looks to weather the region's economic downturn with a conservative strategy. By delaying the new plane deliveries, Avianca will ease its need for capital, company president German Efromovich said. Avianca will also look to cut routes that are not "strategically important," and will not look to significantly increase capacity this year. "The initial plan was to renew the entire fleet for 2024, starting in 2017," Efromovich said. "What we're looking at now is shrinking this process to the maximum extent possible and stretching its start out to 2019-2020." Avianca will wait until April to determine the extent to which the company will delay deliveries for 130 planes already under order. The company's arrangement with Airbus allows for some flexibility in this regard, within a "given deadline". <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-03-31/star/avianca-aims-to-delay-aircraft-deliveries
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Avianca aims to delay aircraft deliveries
Avianca will hold off on receiving new aircraft as it looks to weather the region's economic downturn with a conservative strategy. By delaying the new plane deliveries, Avianca will ease its need for capital, company president German Efromovich said. Avianca will also look to cut routes that are not "strategically important," and will not look to significantly increase capacity this year. "The initial plan was to renew the entire fleet for 2024, starting in 2017," Efromovich said. "What we're looking at now is shrinking this process to the maximum extent possible and stretching its start out to 2019-2020." Avianca will wait until April to determine the extent to which the company will delay deliveries for 130 planes already under order. The company's arrangement with Airbus allows for some flexibility in this regard, within a "given deadline". <br/>
