Avianca secures up to US$ 300M for engine maintenance

Avianca has secured a financing agreement of up to US$ 300 million to fund the maintenance, repair, and overhaul of its CFM56 engines. The deal, organized by Citibank and supported by export credit insurance from the Brazilian Agency for Management of Guarantee and Guarantee Funds (ABGF), will facilitate services at GE Aerospace’s Celma facility in Brazil. This marks the first time a non-Brazilian airline has accessed this specific financing model for engine maintenance services in the country.

In the European transport sector, Spanish high-speed rail operators are seeing mixed financial results. Ouigo reported its best year to date in 2025, reducing losses to 18.2 million euros and achieving a positive EBITDA of 21.3 million euros, driven by a 45% increase in passengers. However, Iryo also reported reduced losses, falling to 12 million euros. Despite these improvements, overall high-speed rail usage in Spain saw a decline of 14.1% in the first seven months of the year.

Additionally, Iberia has expanded its premium services with the opening of the Iberia Emerald Lounge Sorolla at Madrid-Barajas Airport, a 800-square-meter space designed to alleviate congestion and enhance the experience for high-tier passengers. Meanwhile, Iberojet faced financial challenges due to technical fleet issues, incurring 18 million euros in extra costs, leading to a new 12 million euro capital injection from its parent company, Ávoris.