Avianca Holdings, owner of Colombian flag-carrier Avianca, has reduced its order for Airbus A320neo aircraft.
The airline has cancelled 17 A320neo, and delayed the delivery of a further 35 by six years to 2026.
Before this announcement, the carrier had a total of 20 Airbus A319neo, 100 A320neo and 17 A321neo aircraft on order, according to the European aircraft manufacturer.
Avianca, one of the two large airline groups in South America, along with LATAM Airlines Group, intends to focus on profitability over expansion. This order deferral reduces Avianca Holdings’ financial fleet investments between 2020 and 2022 by US $2.6 billion, the airline says.
2010-founded Avianca Holdings is owned by Synergy Aerospace, a division of Sao Paulo-based Synergy Group. It holds Avianca-branded airlines in several south American countries, including for example Colombia, Ecuador, Costa Rica and Peru. Struggling Avianca Brazil, along with newly founded Avianca Argentina are not part of Avianca Holdings, but are direct subsidiaries of Synergy.
Jakob Wert is an aviation journalist from Germany. He built up the website IFN.news and is the Editor-In-Chief of International Flight Network.