WASHINGTON—Avianca is canceling delivery of 17 Airbus A320neo family aircraft and deferring delivery of 35 more by at least seven years, the Colombia-based airline said Mar. 15. In an SEC filing, Avianca said the agreement “will reduce Avianca’s fleet CapEx needs by more than $350 million over the next three years and reduces financial commitments for the 2020-2022 period by more than $2.6 billion.” The 17 canceled A320neos are associated with a purchase order ...

THIS CONTENT REQUIRES SUBSCRIPTION ACCESS

You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "Avianca Alters A320neos Deliveries To Strengthen Cash Position".

 

Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.

 

Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.

Already registered? here.