DOCSLIB.ORG

Dated: March 13, 2013

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Dated: March 13, 2013 PACIFIC RUBIALES ENERGY CORP. ANNUAL INFORMATION FORM FOR THE YEAR ENDED DECEMBER 31, 2012 DATED: MARCH 13, 2013 TABLE OF CONTENTS ABBREVIATIONS AND DEFINITIONS .................................................................................................. 2 GLOSSARY OF TERMS ............................................................................................................................ 2 FORWARD-LOOKING INFORMATION ............................................................................................... 10 GENERAL MATTERS ............................................................................................................................. 12 EXCHANGE RATE INFORMATION ..................................................................................................... 12 INFORMATION CONCERNING THE COMPANY ............................................................................... 13 GENERAL DEVELOPMENT OF THE BUSINESS ................................................................................ 15 DESCRIPTION OF THE BUSINESS ....................................................................................................... 25 OIL AND NATURAL GAS CONTRACTS AND PROPERTIES ........................................................... 30 PIPELINES ................................................................................................................................................ 40 RISK FACTORS ....................................................................................................................................... 42 RESERVES DATA AND OTHER INFORMATION ............................................................................... 50 DIVIDENDS .............................................................................................................................................. 50 DESCRIPTION OF CAPITAL STRUCTURE ......................................................................................... 51 MARKET FOR SECURITIES .................................................................................................................. 50 DIRECTORS AND OFFICERS ................................................................................................................ 56 LEGAL PROCEEDINGS .......................................................................................................................... 65 INTEREST OF MANAGEMENT AND OTHERS IN MATERIAL TRANSACTIONS......................... 65 TRANSFER AGENT AND REGISTRAR ................................................................................................ 65 MATERIAL CONTRACTS ...................................................................................................................... 65 INTERESTS OF EXPERTS ...................................................................................................................... 66 AUDIT COMMITTEE INFORMATION ................................................................................................. 66 ADDITIONAL INFORMATION .............................................................................................................. 68 APPENDIX “A” ........................................................................................................................................ 69 ABBREVIATIONS AND DEFINITIONS bbl barrels MMboe million barrels of oil equivalent bbl/d barrels per day Mcf thousand cubic feet Bcf billion cubic feet Mcf/d thousand cubic feet per day boe barrels of oil equivalent MMBtu million British thermal units boe/d barrels of oil equivalent per day MMcf million cubic feet Btu British thermal units MMcf/d million cubic feet per day COP Colombia pesos NGL natural gas liquids km kilometers Psi pounds per square inch m meters Psia pounds per square inch absolute m2 square meters Psig pounds per square inch gauge m3 cubic meters Tcf trillion cubic feet Mbbl thousand barrels U.S.$ United States dollars MMbbl million barrels WI working interest Mboe thousand barrels of oil equivalent NOTE: Disclosure provided herein that is expressed in barrels of oil equivalent (boe) is derived by converting natural gas to oil in the ratio of five thousand seven hundred cubic feet (Mcf) of natural gas to one barrel (bbl) of oil. Boe may be misleading, particularly if used in isolation. A boe conversion ratio of 5.7 Mcf: 1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. In this Annual Information Form, the Company has expressed boe using the Colombian conversion standard of 5.7 Mcf: 1 bbl required by the Colombian Ministry of Mines and Energy for those properties located in Colombia. Properties outside of Colombia use a conversion ratio of 6.0 Mcf: 1 bbl. GLOSSARY OF TERMS The following terms used but not otherwise defined in this Annual Information Form have the meanings set out below. Words importing the singular, where the context requires, include the plural and vice versa and words importing any gender include all genders. Non-Technical Terms “2009 Indenture” has the meaning given to such term under the heading entitled “Historical Overview – 2009 Senior Notes Financing”. “2009 Senior Notes” has the meaning given to such term under the heading entitled “Historical Overview – 2009 Senior Notes Financing”. “2009 Rights Plan” has the meaning given to such term under the heading entitled “Description of Capital Structure – Shareholder Rights Plan”. “2011 Indenture” has the meaning given to such term under the heading entitled “Historical Overview – 2011 Senior Notes Financing”. “2011 Senior Notes” has the meaning given to such term under the heading entitled “Historical Overview – 2011 Senior Notes Financing”. “2011 Rights Plan” has the meaning given to such term under the heading entitled “Description of Capital Structure – Shareholder Rights Plan”. - 2 - “2012 Swiss Migrations” has the meaning given to such term under the heading entitled “Information Concerning the Company”. “Abanico Contract” has the meaning given to such term under the heading entitled “Oil and Natural Gas Contracts and Properties – Producing Properties”. “Amalgamation” means the amalgamation of Pacific Stratus and a wholly-owned subsidiary of the Company pursuant to the Plan of Arrangement. “ANH” means Agencia Nacional de Hidrocarburos, the governmental entity in the Republic of Colombia with responsibility for the granting of exploration and exploitation agreements with respect to hydrocarbons. “Annual Information Form” means this Annual Information Form dated March 13, 2013 in respect of the fiscal year ended December 31, 2012. “Arauca TEA” means the Arauca Technical Evaluation Agreement. “Arauca Contract” means the Arauca Exploration & Production (E&P) contract. “Association Contract” means a contract entered into with Ecopetrol, as amended, giving rights to the Company to explore and exploit Colombian state-owned hydrocarbons with participation rights for Ecopetrol, excluding those surface rights, easements and permits used, useful or held for use in connection with such contract. “Audit Committee” means the Audit Committee of the Board of Directors. “BCBCA” means the Business Corporations Act (British Columbia) including the regulations promulgated thereunder, as amended. “BDRs” means Brazilian depository receipts representing Common Shares listed for trading on the BOVESPA. “Blue Pacific” means Blue Pacific Assets Corp. “Board of Directors” means the board of directors of the Company. “BOVESPA” means BM&FBOVESPA S.A. - Bolsa de Valores Mercadorias e Futuros (or the Brazilian Stock Exchange). “BPZ” means BPZ Resources Inc. “Buganviles Contract” has the meaning given to such term under the heading entitled “Oil and Natural Gas Contracts and Properties – Producing Properties”. “BVC” means the Bolsa de Valores de Colombia (or the Colombian Stock Exchange). “C&C Arrangement Agreement” has the meaning given to such term under the heading entitled “Historical Overview – C&C Energia Acquisition”. “C&C Energia” means C&C Energia Ltd. - 3 - “Canacol” means Canacol Energy Ltd. “Cerrito Contract” has the meaning given to such term under the heading entitled “Oil and Natural Gas Contracts and Properties – Producing Properties”. “Cerrito MOU” has the meaning given to such term under the heading entitled “Oil and Natural Gas Contracts and Properties – Producing Properties”. “CGX” means CGX Energy Inc. “Chipalo Contract” has the meaning given to such term under the heading entitled “Oil and Natural Gas Contracts and Properties – Producing Properties”. “Cicuco Contract” has the meaning given to such term under the heading entitled “Oil and Natural Gas Contracts and Properties – Producing Properties”. “Colombian Peso Facility” has the meaning given to such term under the heading entitled “Historical Overview – Revolving Credit Facilities”. “Common Shares” means the common shares in the capital of the Company. “Company” or “Pacific Rubiales” means Pacific Rubiales Energy Corp. “Consents” has the meaning given to such term under the heading entitled “Historical Overview – 2009 Senior Notes Exchange Offer”. “Consent Solicitation” has the meaning given to such term under the heading entitled “Historical Overview – 2009 Senior Notes Exchange Offer”. “Consent Solicitation Statement” has the meaning given to such term under the heading entitled “Historical Overview – 2009 Senior Notes Financing”. “Consolidation” has the meaning given to such term under the heading
Load more

Recommended publications
  • Onsite Guide
    ❯ ISTAT 15-16 November 2017 FORUM Hilton Bogotá • Bogotá, Colombia SCHEDULE OF EVENTS All sessions take place in the Platinum Ballroom. Wednesday, 15 November Thursday, 16 November (continued) 10:00 ISTAT Golf Outing 12:45 – 13:45 Lunch & Exhibits Sponsored by Bocomm Leasing San Andrés Golf Club Levels Bar and Pool Terrace 9:15 – Transportation departs from hotel lobby 13:45 – 14:45 Keynote Address 14:00 – 19:00 Registration Open Speaker: Germán Efromovich, Cofounder and Chairman, Platinum Ballroom Foyer Avianca Holdings S.A. and Founder, President and Chairman, Synergy Group Corp. 17:30 – 19:00 Welcome Reception Sponsored by Boeing Levels Bar and Pool Terrace 14:45 – 15:45 Emergent Airline Panel Moderator: Thursday, 16 November • Anne Correa, Director, Business Development, 8:30 – 17:00 Registration Open Morten Beyer & Agnew Platinum Ballroom Foyer Speakers: 9:00 – 9:30 Welcome Coffee Sponsored by Aerospace Asset Trading • William Shaw, Chief Executive Officer, VivaColombia Platinum Ballroom Foyer • Bruno Mundaca, Fleet and Procurement Director, Sky Airline 9:30 – 9:45 Opening Remarks • José Luis Garza, Chief Executive Officer, Interjet • Douglas W. Runte, ISTAT President & Managing Director & 15:45 – 16:45 Lessor Panel Head of Aviation Research, Deutsche Bank Moderator: • Anthony Diaz, Operating Partner, Virgo Investment Group • Mark L. Ebanks, Senior Vice President, CDB Aviation Americas 9:45 – 10:15 Keynote Address Speakers: Speaker: Francisco Santos, Former Vice President of Colombia • Jorge Castillo, Vice President Marketing, Aviation
    [Show full text]
  • Aviation Week & Space Technology
    STARTS AFTER PAGE 36 20 Twenties Aerospace’s Has Aircraft Leasing Class of 2020 Perfect Storm Gone Too Far? ™ $14.95 MARCH 9-22, 2020 BOEING’S ATTACK CONTENDER Digital Edition Copyright Notice The content contained in this digital edition (“Digital Material”), as well as its selection and arrangement, is owned by Informa. and its affiliated companies, licensors, and suppliers, and is protected by their respective copyright, trademark and other proprietary rights. Upon payment of the subscription price, if applicable, you are hereby authorized to view, download, copy, and print Digital Material solely for your own personal, non-commercial use, provided that by doing any of the foregoing, you acknowledge that (i) you do not and will not acquire any ownership rights of any kind in the Digital Material or any portion thereof, (ii) you must preserve all copyright and other proprietary notices included in any downloaded Digital Material, and (iii) you must comply in all respects with the use restrictions set forth below and in the Informa Privacy Policy and the Informa Terms of Use (the “Use Restrictions”), each of which is hereby incorporated by reference. Any use not in accordance with, and any failure to comply fully with, the Use Restrictions is expressly prohibited by law, and may result in severe civil and criminal penalties. Violators will be prosecuted to the maximum possible extent. You may not modify, publish, license, transmit (including by way of email, facsimile or other electronic means), transfer, sell, reproduce (including by copying or posting on any network computer), create derivative works from, display, store, or in any way exploit, broadcast, disseminate or distribute, in any format or media of any kind, any of the Digital Material, in whole or in part, without the express prior written consent of Informa.
    [Show full text]
  • 2009 Annual Report EMB MOVE RAA REG ANNUAL.Pdf 1 8/18/09 11:43 AM
    2009 Annual Report EMB_MOVE_RAA_REG_ANNUAL.pdf 1 8/18/09 11:43 AM C M Y CM MY CY CMY K Report from the Chairman Rick Leach Dear RAA Members and Friends, 2009 has proven to be perhaps the most challenging year for the regional airline industry. Safety issues have been at the forefront, and as such, this year has stretched our bounds to make our industry even safer. The Regional Airline Association (RAA) plays a key role in the success of the industry. Over the past decade, the RAA has helped its 32 regional airlines form a seamless operation with their major partners, and the organization has played an integral role in our nation’s air system. Right now, more than 51 percent of daily flights are conducted by regional airlines, and we carry approximately one-quarter of our nation’s passengers. Without our service, 77 percent of US communities would cease to have any 2008-2009 air service at all. We have become a significant, and essential contributor to the airline industry and Board of Directors to the overall American economy. We employ some 60,000 professionals, and we greatly value their contribution to the regional airline industry. Chairman Scheduled passenger service has evolved to where regional and mainline airlines operate seamlessly to Rick Leach benefit the traveling public. The passenger buys one ticket and expects one level of service, so there can Trans States Holdings be only one industry safety standard. Vice Chairman Aviation safety, by its very nature, is a shared responsibility. I know all the regional airlines work closely Russell “Chip” Childs with other aviation stakeholders — our employees, our suppliers, other airlines and most importantly, SkyWest Airlines the FAA — to identify and inventory their best practices and share it collectively.
    [Show full text]
  • Título De Presentación (Verdana 30Pt)
    Presentación Corporativa Cartagena de Indias Abril, 2012 1 En el presente documento se incluyen tendencias a futuro del mercado AviancaTaca Holding y sus subsidiarias, acordes con su plan de negocios. Las menciones a futuros comportamientos son indicativas, y no constituyen una garantía de cumplimiento por parte de la Compañía ni de sus accionistas. La información financiera y proyecciones presentadas están basadas en información y cálculos realizados internamente por AviancaTaca Holding, que pueden ser objeto de cambios o ajustes. Cualquier cambio de las circunstancias actuales de la economía, la industria aeronáutica, los precios de los commodities, mercados internacionales y eventos externos puede llegar a afectar la validez de la información o de las conclusiones presentadas. AviancaTaca Holding no acepta responsabilidad alguna en relación con acciones o decisiones tomadas o no tomadas, con base en el contenido de esta información. AviancaTaca Holding no acepta ningún tipo de responsabilidad por pérdidas que resulten de la ejecución de las propuestas o recomendaciones presentadas. AviancaTaca Holding no es responsable de ningún contenido que sea proveniente de terceros. AviancaTaca Holding podrá realizar modificaciones y actualizaciones a la información aquí presentada. Información, tablas y logos contenidos en esta presentación no pueden ser utilizados sin el consentimiento de AviancaTaca 2 Agenda De Dónde Dos historias de éxito Venimos Un futuro común tras una exitosa integración La más extensa red de rutas en Latinoamérica Líderes
    [Show full text]
  • CI-R9-Y12-F165 January 08, 2013 Avianca SA
    APPRAISAL REPORT CAO Appraisal for Audit of IFC CAO Compliance CAO Ref Code: C-I-R9-Y12-F165 January 08, 2013 Avianca S.A. Colombia Case of Complaint from Global Unions on behalf of unions representing employees of Avianca Summary This appraisal relates to labor issues around IFC’s investment in Avianca, one of the largest airlines in Latin America and the largest in Colombia. Key allegations raised by the complainant unions can be summarized as follows: That Avianca has violated IFC Performance Standard 2 (PS2) – Labor and Working Conditions – in particular by discriminating against union members and taking various measures to discourage union membership; That IFC failed at various stages in the project cycle to properly manage issues related to compliance with PS2 at Avianca; That IFC and/or Avianca failed to disclose documents as required by the IFC Performance Standards and Policy on Disclosure of Information; That IFC failed to conduct a rigorous assessment of PS2 compliance at Taca Airlines subsequent to its 2009 merger with Avianca. Having held discussions with the IFC team and reviewed relevant documentation, CAO has questions as to the extent of implementation of IFC’s policies and procedures, in particular requirements that IFC: make an informed judgment as to the likelihood that the investment would meet the requirements of the Performance Standards prior to financing new business activity (Sustainability Policy 2006, para 17); and take appropriate steps to supervise its Client’s disclosure obligations under PS1. At a more general level, CAO finds that this case demonstrates challenges in the assessment and supervision of PS2 risks that emerge from the nature of the relationships between an IFC client, its workers and the unions that represent them.
    [Show full text]
  • Pontifícia Universidade Católica De São Paulo Puc-Sp
    PONTIFÍCIA UNIVERSIDADE CATÓLICA DE SÃO PAULO PUC-SP Regina Santos Almeida Análise da demonstração do fluxo de caixa e seus indicadores em companhias representativas no espaço aéreo brasileiro MESTRADO EM CIÊNCIAS CONTÁBEIS E ATUÁRIAIS São Paulo 2016 PONTIFÍCIA UNIVERSIDADE CATÓLICA DE SÃO PAULO PUC-SP Regina Santos Almeida Análise da demonstração do fluxo de caixa e seus indicadores em companhias representativas no espaço aéreo brasileiro MESTRADO EM CIÊNCIAS CONTÁBEIS E ATUÁRIAIS Dissertação apresentada à Banca Examinadora da Pontifícia Universidade Católica de São Paulo, como exigência parcial para obtenção do título de MESTRE em Ciências Contábeis e Atuariais, sob a orientação do Prof. Dr. José Carlos Marion. São Paulo 2016 BANCA EXAMINADORA ___________________________________________ Prof. Dr. José Carlos Marion ___________________________________________ Prof. Dr. Anisio Candido Pereira ___________________________________________ Prof. Dr. Luiz Moraes de Niemeyer Neto Dedico este trabalho aos meus pais, Reginaldo e Rita, por serem pessoas de grande sabedoria. AGRADECIMENTOS A Deus, pelo seu infinito amor e por sentir sua presença em minha vida. Aos meus pais Reginaldo e Rita, pelo exemplo de pais brilhantes, responsáveis e que, durante a minha vida, forneceram a base para tudo o que eu consegui realizar. Aos meus irmãos Vanessa e Matias, pela cumplicidade, união, amizade e respeito. Ao meu esposo Gilberto que, durante todo este período, esteve ao meu lado me incentivando e apoiando com todo amor, paciência e compreensão para que eu realizasse o meu sonho. Ao meu orientador, professor doutor José Carlos Marion, pela objetividade em direcionar esta pesquisa e por sua integridade. Aos membros da banca examinadora, professores doutores Anisio Candido Pereira e Luiz Moraes de Niemeyer Neto, pelas sugestões, colaboração e dedicação.
    [Show full text]
  • ALTA Recognizes Partners in Leadership and Innovation
    FOR IMMEDIATE RELEASE MEDIA CONTACT: Dulce Carrillo-Kuti 1-786-388-0222 [email protected] ALTA Recognizes Partners in Leadership and Innovation [Versión en español] Nassau (November 14, 2014) - ALTA, the Latin America & Caribbean Air Transport Association, presented two Federico Bloch awards this year as part of the 11th ALTA Airline Leaders Forum. One was awarded to Germán Efromovich, President of Synergy Group and Chairman of the Board of Directors of Avianca and another was presented to Roberto Kriete, Cofounder of Avianca Holdings S.A. & Member of its Board of Directors. Both leaders demonstrated outstanding leadership and vision in the industry of aviation. Efromovich and Kriete conceived, negotiated and consummated a landmark deal that has fundamentally changed the commercial aviation landscape in Latin America and the Caribbean and precipitated other substantial consolidation activity in the region. The Grupo Synergy-Grupo TACA merger is one of two airlines coming from positions of strength and becoming stronger together. In the spirit of entrepreneurship, innovation, cooperation and integrity the panel of jurors unanimously decided to award the Federico Bloch recognitions to German Efromovich and Roberto Kriete. The award honors the memory of Federico Bloch, a pioneer in Latin American aviation and the driving force behind the creation of Grupo TACA. Germán Efromovich, stated: "It is a true honor for me to receive the Federico Bloch award, presented by the Latin American and Caribbean Air Transport Association to those who have distinguished themselves as promoters of the development of the aviation industry in the region. With profound personal satisfaction I wish to share it with each and every one of the collaborators related to the airlines in the Avianca group.
    [Show full text]
  • True In-Flight Broadband Is Now a Reality
    CCMA & AIRCRAFT MRO YEARBOOK 2017 Index 06 ABOUT • About ALTA & ALTA’s Executive Committee • Technical Maintenance and Procurement Committee 09 THE REGION IN NUMBERS • Economic Snapshot • Traffic: Passenger Numbers and Growth • Air Transport in Latin America and Caribbean Snapshot • Mexico Air Travel Industry Snapshot • ALTA Airlines Members Fleet 31 INDUSTRY INSIGHTS REPORT • Avianca Brasil - A Bright Spot in Brazilian Aviation • A New Golden Age of Aircraft Cabin Interiors • Creating New Value by Integrating Revenue Management and Frequent Flyer Programs • Viva la Low Cost Carrier Revolución? Not quite yet 47 CCMA & AIRCRAFT MRO CONFERENCE 2016 51 PARTICIPATING AIRLINES 71 EXHIBITORS & TABLE TOPS 103 PARTICIPATING DELEGATES 117 SPONSORS • Prime Sponsors • Sponsors 6 Welcome Welcome to ALTA’s 2017 CCMA & Aircraft MRO Conference, the largest commercial aviation event in the Latin America and Caribbean region. This year, as a result of improvements we have made to the conference agenda, we are delightful to welcome over 100 airline participants. We invite you to take advantage of the many networking opportunities available between suppliers and airline representatives during the conference. In addition, this year’s agenda features even more panel discussions and interactive presentations in order to facilitate the exchange of ideas and trends, debate issues and challenges, and gather knowledge during this three-day experience. Thank you to our numerous sponsors, exhibitors, and table top participants for your support in making this conference a success year after year. I would also like to take this opportunity to introduce ALTA’s 2017 expanded CCMA & Aircraft MRO Yearbook, which we have enhanced this year to include useful information about the industry in our region.
    [Show full text]
  • As Filed with the Securities and Exchange Commission on April 30, 2014
    As filed with the Securities and Exchange Commission on April 30, 2014 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2013 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-36142 AVIANCA HOLDINGS S.A. (Exact name of registrant as specified in its charter) Avianca Holdings S.A. (Translation of registrant’s name into English) Republic of Panama (Jurisdiction of incorporation or organization) Aquilino de la Guardia Calle No. 8, Panama City, Republic of Panama (+507) 205-600 (Address of principal executive offices) Andrés Felipe Ruiz Vesga Tel: (57+1) - 587 77 00 ext. 7575 Fax: (57+1) - 423 55 00 ext. 2544/2474 Address: Avenida calle 26 # 59 – 15 P5, Bogotá, Colombia (Name, telephone, e-mail and/or facsimile number and address of company contact person) Securities registered or to be registered pursuant to Section 12(b) of the Act: Title of Each Class Name of Each Exchange on Which Registered American Depositary Shares (as evidenced by American Depositary Receipts), each representing 8 Preferred Shares, New York Stock Exchange with a par value of $0.125 per share Securities registered or to be registered pursuant to Section 12(g) of the Act: None Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: None Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of December 31, 2013: Common Shares — 665,800,003 Preferred Shares — 335,407,917 Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
    [Show full text]
  • Avianca Brasil in Talks Since Before Bankruptcy Filing for Cash Boost
    Image not found or type unknown https://www.metaforespress.gr Avianca Brasil in talks since before bankruptcy filing for cash boost 2018/12/14 14:48 στην κατηγορία INTERNATIONAL Brazil’s fourth-largest airline, Avianca Brasil, has been in talks for a much-needed cash injection since before it filed for bankruptcy on Monday, German Efromovich, whose family controls the carrier, told Reuters. Efromovich, the controlling shareholder of better-known airline Avianca Holdings SA AVT_p.CN said in a phone interview on Thursday that he was negotiating with funds, which he declined to identify. He also declined to elaborate on the value and whether the transaction would be debt or equity. Avianca Brasil had faced recurring losses and a series of airplane repossession lawsuits. It lost four planes in the days leading up to its Monday bankruptcy filing, according to a source with knowledge of the disputes. At least 10 other planes are still under dispute, and a judge ruled on Thursday that Avianca Brasil can hold on to them for 30 days in case the parties can reach a deal. Otherwise, Avianca Brasil will lose the planes as the lessor already has a favorable court order. The source said that Avianca owes lessors some $100 million. The airline also has debts to suppliers, including airports, fuel and maintenance companies that court records show amounted to $125 million. On Thursday afternoon, the airline announced a judge had granted it bankruptcy protection on its debts. Efromovich said he was discussing the cash boost for Avianca Brasil at the same time that he was negotiating for a loan from United Continental Holdings Inc.
    [Show full text]
  • View Annual Report
    2016 MANAGEMENT REPORT Bogotá D.C. March 2017 Informe de gestión 2016 • Avianca Holdings S.A. 1 Letter from the Executive President G4-1 ur goal is to provide details of the progress we made in We opened the Maintenance, Repair and Inspection 2016 on the path to change and transformation that Aeronautics Center (MRO) in Rionegro, in Colombia’s Avianca has embarked on. Antioquia province, with an initial investment in 2016 of We established a single reporting period so that we USD 42,081 million, where more than 600 technicians could present the results of our efforts in accordance and engineers currently work, all of them experts in the with the regulations and expectations of each of the Airbus A318, A319, A320, A321 and ATR72 fleets and who Organization’s stakeholders. are currently in the process of being accredited to provide We want to share the change perspective in our engineering and maintenance services for aircraft in the business approach, the Organization’s long-term vision, its Boeing 787 and Airbus 330 fleets. The MRO meets LEED challenges, and the way in which we create value for each sustainable construction standards and has been endorsed one and for the environment. by Colombia’s Civil Aeronautics Authority, the US Federal In 2016, we set out on the path we have called our 2020 Aviation Administration (FAA), and the European Aviation Flight, connecting the world to Latin America. We chose Safety Agency (EASA). our destination as making Avianca a digital company that In a difficult year for the global economy and for our flies aircraft.
    [Show full text]
  • Avianca” En Colombia
    RECORRIDO DE LA MARCA “AVIANCA” EN COLOMBIA DANIELA GUZMAN DAZA DIANA CAROLINA TACHA SOTO UNIVERSIDAD ICESI FACULTAD DE CIENCIAS ADMINISTRATIVAS Y ECONOMICAS MERCADEO INTERNACIONAL Y PUBLICIDAD SANTIAGO DE CALI 2013 RECORRIDO DE LA MARCA “AVIANCA” EN COLOMBIA DANIELA GUZMAN DAZA DIANA CAROLINA TACHA SOTO PROYECTO DE GRADO Director(a): INGRID PAOLA CORTES PARDO Publicista Magister en Mercadeo UNIVERSIDAD ICESI FACULTAD DE CIENCIAS ADMINISTRATIVAS Y ECONOMICAS MERCADEO INTERNACIONAL Y PUBLICIDAD SANTIAGO DE CALI 2013 TABLA DE CONTENIDO Pág. 1.INTRODUCCIÓN 11 2. MARCO TEORICO 12 3. HISTORIA DE AVIANCA 18 3.1 ETAPAS 18 3.1.1 SOCIEDAD COLOMBO ALEMANA DE TRANSPORTE AÉREO (1919-1940) 18 3.1.2 AEROVÍAS NACIONALES DE COLOMBIA (1940-1994) 19 3.1.3 SISTEMA AVIANCA (1994-2002) 20 3.1.4 ALIANZA SUMMA (2002-2004) 20 3.1.5 AEROVÍAS DEL CONTINENTE AMERICANO (DESDE 2004) 21 3.1.6 AVIANCA-TACA (DESDE 2009) 21 3.2 MISION 22 3.3 VISION (2015) 22 3.4 VALORES CORPORATIVOS 22 3.4.1 SEGURIDAD 22 3.4.2 HONESTIDAD 23 3.4.3 PASIÓN Y CALIDEZ 23 3.4.4 UN EQUIPO 23 3.4.5 EXCELENCIA 23 3.5 POLÍTICA INTEGRAL DE GESTIÓN 24 3.5.1 NUESTROS PILARES: 24 3.5.1.1 PREVENCIÓN DE RIESGOS Y MEJORAMIENTO CONTINUO: 24 3.5.1.2 CUMPLIMIENTO DE REQUISITOS: 24 3.5.1.3 DESARROLLO SOSTENIBLE: 24 4. OBJETIVOS 25 4.1 OBJETIVO GENERAL 25 4.2 OBJETIVOS ESPECÍFICOS 25 5. ANALISIS DE LOGO 26 5.1 LOGO SCADTA 26 5.2 LOGO AVIANCA 28 6. COLORES CORPORATIVOS 33 7.ANÁLISIS DE PUBLICIDAD 44 7.1 DECADA DE LOS 40´S 44 7.2 DECADA DE LOS 50´S 49 7.3 DECADA DE LOS 60´S 55 7.4 DECADA DE LOS 70´S 60 7.5 DECADA DE LOS 80´S 63 7.6 DECADA DE LOS 90´S 72 7.10 DECADA 2000 79 7.10.1 AÑOS 2001 A 2005 79 7.10.2 AÑOS 2006 A 2010 91 8.
    [Show full text]