{"id":1223,"date":"2016-05-16T14:29:09","date_gmt":"2016-05-16T19:29:09","guid":{"rendered":"http:\/\/planesintheair.com\/?p=1223"},"modified":"2016-05-16T14:35:11","modified_gmt":"2016-05-16T19:35:11","slug":"avianca-cuts-airbus-delivery-schedule","status":"publish","type":"post","link":"https:\/\/planesintheair.com\/?p=1223","title":{"rendered":"Avianca cuts Airbus delivery schedule"},"content":{"rendered":"

Avianca<\/strong> cuts Airbus A320 NEO delivery schedule.\u00a0The airlines parent, Avianca Holdings, released the following\u00a0press statement on May 3, 2016:<\/p>\n

\n
\n
\n

“In an effort to improve its profitability, achieve a more efficient capital structure and reducing the current levels of indebtedness, Avianca Holdings S.A. reached an agreement with Airbus S.A.S. to reduce the number of aircraft deliveries scheduled for 2016, 2017, 2018 and 2019.<\/p>\n

The agreement with the European aircraft manufacturer represents a CapEx reduction of approximately USD1.4 billion for the next 30 months. During this same period, Avianca Holdings S.A. will continue to pursue its cost reduction initiatives, seeking to strengthen its balance sheet and generate greater cash flow.<\/p>\n

Avianca Holdings S.A. reaffirms its leverage goal, measured as the net adjusted debt over EBITDAR, of no more than 5 times for 2019”.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

It was just one year ago that an order for 100 A320-NEO aircraft was firmed up by the airline\u00a0for the Airbus jets. The order for the 100 Airbus jets was the single largest order ever placed by an air\u00a0carrier\u00a0in Latin America, and brought the total number of A320-NEO jets the airline had on order to 133.<\/p>\n

Avianca struggles with\u00a0Latin American\u00a0woes<\/h2>\n

The change in fortunes shows just how quickly the Latin American economy has declined. While it seams that falling global oil prices should be good for airline economics, the fact that that drop in prices leads to layoffs and cost cutting in the oil industry negatively impacts business travel expenditures. Brazil and Mexico rank ninth and tenth in global production of\u00a0petroleum and other liquid Production,\u00a0respectively. Venezuela (twelfth) and Colombia (nineteenth) follow on that list. In addition to its name sake airline and cargo operations, the airlines parent\u00a0holding company also\u00a0controls\u00a0Aerogal in\u00a0Ecuador,\u00a0Avianca de Brazil,\u00a0Aviateca de\u00a0Guatemala,\u00a0LACSA de\u00a0Costa Rica,\u00a0TACA de Honduras,\u00a0TACA de Peru, and TACA\u00a0de\u00a0San Salvador. LACSA\u00a0is an abbreviation for the latin “Lineas A\u00e9reas Centroamericanas Sociedad An\u00f3nima”.\u00a0TACA is an abbreviation for the latin “Transportes Aereos del Continente Americano”.<\/p>\n

\"Avianca\"<\/p>\n

Image from\u00a0www.avianca.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Avianca cuts Airbus A320 NEO delivery schedule.\u00a0The airlines parent, Avianca Holdings, released the following\u00a0press statement on May 3, 2016: “In an effort to improve its profitability, achieve a more efficient capital structure and reducing the current levels of indebtedness, Avianca Holdings S.A. reached an agreement with Airbus S.A.S. to reduce the number of aircraft deliveries […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[89],"tags":[220,47,275,277,41,278,276,279],"class_list":["post-1223","post","type-post","status-publish","format-standard","hentry","category-aviation-news","tag-a320","tag-airbus","tag-avianca","tag-avianca-holdings","tag-boeing","tag-lacsa","tag-neo","tag-taca"],"_links":{"self":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/1223","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1223"}],"version-history":[{"count":9,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/1223\/revisions"}],"predecessor-version":[{"id":1233,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/1223\/revisions\/1233"}],"wp:attachment":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}