Sunday, 25 October 2020
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Who does Avianca owe? Will it survice it’s latest financial crisis?

(QCOSTARICA) With debts exceeding US$7 billion dollars, Avianca Holdings filed on Sunday, May 10, for Chapter 11 Bankruptcy in a court in New York. The request would protect the airline from its multiple creditors while reorganizing its operations and improving its financial situation, which had...

Despite filing chapter 11 in the U.S., Avianca tells its customers “it’s business as usual”

(QCOSTARICA) On Sunday, the Colombian airline, Avianca, filed for bankruptcy protection in the United States, to reorganize its debt “due to the unpredictable impact” of the coronavirus pandemic. No word from the airline how the filing affects its Costa Rica operations, Avianca Costa Rica, formerly...

Avianca Files for Chapter 11 Bankruptcy in US

BOGOTA, COLOMBIA – Avianca, the second-largest airline in Latin America, filed for bankruptcy protection in the United States on Sunday to reorganize its debt “due to the unpredictable impact” of the coronavirus pandemic. n a statement issued in Bogota, Avianca said that along with “some...

Payless Closures In The U.S. Does Not Affect Costa Rica

Q COSTA RICA – The Payless ShoeSource filing for Chapter 11 Bankruptcy in the United States will not affect the 28 stores in Costa Rica. The company’s plans are to immediately close nearly 400 stores in United States, Canada and Puerto Rico. En Costa Rica, the...

Casa Blanca On Financial Downslide

Q COSTA RICA  BUSINESS / Costa Rica's retail industry is highly competitive, retailers must monitor daily the needs of customers as well as their competitors, constantly innovating to offer consumers a variety of goods according to the latest trends, and differentiate themselves from the...

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