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Name: AVIANCA CARGO
7JetSet7 Code: TMP
Status: Operational
Region: LATIN AMERICA
City: MEDELLIN
Country: COLOMBIA
Employees 872
Web: aviancacargo.com
Email: mperez@tampacargo.com.co
Telephone: +57 1 4397900
Fax: +57 1 4397901
Sita:
Background
(definitions)

Click below for data links:
TMP-2004-09 - NEW 767-200SF
TMP-2004-09 - NEW LIVERY
TMP-2004-10 INTRO
TMP-2004-11 - 767-200SF
TMP-2013-05 - UNIFIED AVIANCA LIVERY A320
TMP-2013-07 - AVIANCA REBRAND

ESTABLISHED AND STARTED OPERATIONS IN 1973. A K A TRANSPORTES AEREOS MERCANTILES PANAMERICANOS, S A. (TAMPA). DOMESTIC, REGIONAL, & INTERNATIONAL, SCHEDULED & CHARTER, CARGO, JET AIRPLANE SERVICES.

ADDRESS:
AEROPUERTO INTERNACIONAL JOSE MARIA CORDOVA
HANGAR DE MAINTENIMIENTO
MEDELLIN, COLOMBIA

ADDRESS:
CARRERA 76, NO. 34A-61
APARTADO AEREO 494
MEDELLIN (ANTIOQUIA), COLOMBIA

COLOMBIA (REPUBLIC OF COLOMBIA) COVERS AN AREA OF 1,138,914 SQ KM, ITS POPULATION IS 43 MILLION, ITS CAPITAL CITY IS BOGOTA, AND ITS OFFICIAL LANGUAGE IS SPANISH.

JANUARY 1996: TAMPA CARGO (TMP) FLIES TO BARRANQUILLA, CALI, CARACAS, MEDELLIN, MIAMI (MIA), PANAMA CITY, PEREIRA, QUITO, LIMA, AND SAN JUAN.

1995 = +$1.5 MILLION (NET PROFIT).

SEPTEMBER 1996: SOLD ONE OF THEIR 707'S TO AIR NACOIA (NAO). FLEET IS NOW 3 707'S & 2 DC-8'S. STUDIES TO REPLACE THESE WITH DC-10'S/747'S.

NOVEMBER 1996: MARTINAIR (MTH) TAKES STAKE OF 40% IN TAMPA CARGO (TMP) TO GET INTO LATIN MARKET WITH FLOWERS AND PERISHABLE GOODS CARGO.

FEBRUARY 1997: MR COULSON IS NO LONGER PRESIDENT, (TBD).

OCTOBER 1997: UNDER NEW MARTINAIR (MTH) OWNERSHIP, THERE IS STILL NO PRESIDENT, WITH LEGAL REPRESENTATIVE ANTONIO CAMPILLO AS HEAD OF FINANCE, BUT (MTH)'S BERT CALIS & FREDERICK JACOBSEN ARE IN CHARGE OF OPERATIONS, TECHNICAL & COMMERCIAL DIVISIONS. SINCE (MTH) IS BASICALLY RUNNING THE AIRLINE, TAMPA CARGO (TMP) HAS NO DECISION MAKING OVER FLEET REPLACEMENT.

THE NEXT AIRPLANE IS 1 "BOEING" DC-10, (MTH) WET-LEASED.

FEBRUARY 1998: JUAN CARLOS DE GREIFF VP OPERATIONS & MAINTENANCE RESIGNATION, FOLLOWS RESIGNATION OF VP FINANCE & VP COMMERCIAL.

APRIL 1998: 750 EMPLOYEES (INCLUDING 40 FLIGHT CREW (FC) & 22 MAINTENANCE TECHNICIANS (MT)).

OCTOBER 1998: OPENED 76,000 SQ FT CARGO FACILITY AT MIAMI.

TAMPA CARGO (TMP) IS THE LARGEST ALL-CARGO AIRLINE IN COLOMBIA, & ONE OF LARGEST IN REGION.

1997 = +$2.22 MILLION (-$5.3 MILLION): 118.1 MILLION (FTM) (FREIGHT TRAFFIC).

PLANS TO REPLACE ITS 707 FLEET, WITH DC-10'S.

NOVEMBER 1998: SELLS 707-338C (18808) TO SKYMASTER (SKA).

DECEMBER 1998: 1 DC-8-71F, EX-IBERIA AIRLINES (IBE), (GECAS) (GEH) LEASED.

JANUARY 1999: FOR 4TH YEAR, THE (FAA) RATES COLOMBIA CATEGORY 2.

FEBRUARY 1999: DC-8-71F DELIVERY.

APRIL 1999: 551 EMPLOYEES (INCLUDING 62 FLIGHT CREW (FC) & 7 MAINTENANCE TECHNICIANS (MT)).

(tampa@ticsanet.net).

OCTOBER 1999: PLANS TO ADD 3 747-200F'S.

NOVEMBER 1999: THE (FAA) SAFETY OVERSIGHT GIVES COLOMBIA CATEGORY 1 (OK FOR FLIGHTS TO USA).

TAMPA CARGO (TMP) PLANS TO REPLACE ITS DC-8-71F'S WITH 737-300C, 757-200F, OR 767-300F'S.

DECEMBER 1999: JUAN CARLOS OSORIO DIRECTOR QUALITY ASSURANCE.

1 DC-10-30F (CF6-50C2), GEMINI AIR CARGO (GMN) 2 YEAR WET-LEASED.

FEBRUARY 2000: 707-324C (19352) SOLD TO SKYMASTER (SKA).

MARCH 2000: TOP 10 CARGO OPERATORS AT MIAMI IN 1999 TONS K:
1 TLS 260 (+13.7%); 2 AAL 171 (-6.5%); 3 CHA 141 (-1.9%); 4 ARW 119 (+9.4%); 5 TMP 118 (+8.3%); 6 FNE 112 (-29.7%); 7 CKF 92 (-34.1%); 8 UPS 70 (+20.3%); 9 UAL 58 (-6.4%); 10 AMJ 44 (-46.5%).

BLOCKED CARGO SPACE AGREEMENT WITH COPA (COP) FOR USA - COLOMBIA, VIA PANAMA.

APRIL 2000: 551 EMPLOYEES (INCLUDING 62 FLIGHT CREW (FC), & 7 MAINTENANCE TECHNICIANS (MT)).

HAS HUBS AT BARRANQUILLA, BOGOTA, CARACAS, AND MEDELLIN.

MAIN BASE IS AT MIAMI.

FRESH FROM ITS EXPANSION TO SAO PAULO, AND MEXICO CITY, SOON TO LAUNCH OPERATIONS TO GUADALAJARA, MEXICO; AND SANTA CRUZ, BOLIVIA.

DC-8-71'S WILL BE REPLACED WITH A LEASED DC-10-30, AND 767'S TO BE CONVERTED FROM PASSENGER TO CARGO, INCREASING CAPACITY +20%.

JUNE 2000: WILL REPLACE ITS DC-8-70'S, BY 2005, AND WILL INTRODUCE ITS 1ST 767-200F, IN 2002.

JULY 2000: 1999 = 234.75 MILLION (FTK) FREIGHT TRAFFIC; 551 EMPLOYEES.

FEBRUARY 2001: UNVEILS NEW AND COLORFUL LIVERY WITH DESIGN CONSISTING OF A WHITE FUSELAGE WITH A BRIGHT RED, ORANGE, & BLACK CURVED CHEATLINE, WHICH ENCOMPASSES THE ENTIRE LOWER FUSELAGE. FROM THE NOSE IT RISES UP AND OVER THE WING AND ENDS UP MID-FUSELAGE, JUST AFT OF THE WING WITH LARGE "TAMPA" TITLES IN THE CENTER. THE TAIL HAS A LARGE "T" AS IT DID YEARS AGO, WHICH DIVIDES IT INTO 2 PARTS, WITH THE RIGHT AND LOWER PART OF THE TAIL IN BRIGHT ORANGE, AND THE TOP AND LEFT OF THE TAIL IN BRIGHT RED. THE "T" IS WHITE, WITH A BLACK OUTLINE, AS ARE THE TITLES ON THE FORWARD LOWER FUSELAGE.

LAST 707 PARTED OUT.

AUGUST 2001: THE USA DEPARTMENT OF TRANSPORTATION (DOT) GRANTS TAMPA CARGO (TMP), USA - COLOMBIA CARGO RIGHTS, INCLUDING MIAMI TO SAO PAULO, AND/OR MANAUS, BRAZIL.

NOVEMBER 2001: JUAN FELIPE ARANGO, INTERIM MAINTENANCE & ENGINEERING DIRECTOR REPLACES LUIS CARLOS CASTRO.

DECEMBER 2001: ALEJANDRO PARDO, VP GROUND OPERATIONS & LOGISTICS.

July 2002: Opens new hangar and facilities in Rio Negro Antioquia, to allow Tampa Cargo (TMP), to perform their DC-8 heavy maintenance checks in-house. The facility was also designed to support a 767 maintenance check, looking at future fleet renewal plans.

Technical Division is using myboeingfleet.com.

2001 = 577.65 Million (FTK); 551 employees.

August 2002: Rafael Nunez Director Flight Operations replaces Sergio Valasquez, who left the company.

September 2002: 4 orders (2004-06) 767-200F's, (GECAS) (GEF) leased, converted to freighter by Bedek, Israeli Aircraft Industries (IAI).

November 2002: Byron Perez Director Engineering. Marcos Bravo Director Maintenance.

December 2002: Looking at +1 DC-8-71F or DC-8-73F for short-term lease in January 2003.

March 2003: 1 DC-8-71F (45976), ex-Emery Air Freight (EAF).

April 2003: (marketing@tampacargo.com).

July 2003: DC-8-71F (CFM56-2C1) (46040), ex-MAS Air (MSR), Debis AirFinance (DEA) leased.

October 2003: Miami - Lima (DC-8-71F, 3/week).

September 2004: 1st delivery of 4 767-200ERF's (23804), ex-Varig (VAR), (converted to freighter by Israel Aircraft Industries (IAI) to replace DC-8-71F's.

November 2004: 767-241ERF (23803, N768QT), (GEF) leased.

December 2004: (tampa@tiscanet.net).

January 2005: 767-241ERF (23801), (GEF) leased.

March 2005: Varig (VAR) Engineering & Maintenance (VEM) completes its first 767-200SF-ER freighter conversion and delivered the airplane to Tampa Cargo (TMP).

July 2005: 2 767-223's (22318, N771QT; 22317, N772QT), ex-American Airlines (AAL), to convert to freighters by Aeronavali (ARP).

October 2005: Tampa Cargo (TMP) started 2x-weekly service, Sunday from Miami to Viracopos using 767-200s.

March 2006: Tampa Cargo (TMP) announced that the cargo airline's CEO & President of the past 8 years, Fred Jacobsen was resigning "for professional reasons" effective March 30.

April 2006: Tampa Cargo (TMP) reported revenue of +$160.7 million in 2005, a year-over-year increase of +16.6%. Freight traffic (FTK)s climbed +10.1% to 492 million and load factor rose +12.3 points to 81.4% LF.

July 2006: Tampa Cargo (TMP) is a specialized all-cargo carrier transporting perishables and general cargo throughout Latin America and North America. The carrier operates up to 70 flights/week.

Employees = 877 (including 86 Flight Crew (FC), & 78 Maintenance Technicians (MT)).

(IATA) Code: QT - 729. (ICAO) Code: TPA (Callsign - TAMPA).

Parent organization/shareholders: Martinair (MTH) (58%).

Main Base: Medellin Jose Maria Cordova International Airport (MDE).

Hubs: Miami International (MIA); & Bogota (Eldorado) Airport (BOG).

Domestic, freight destinations: Barranquilla; Bogota; Cali; & Medellin.

International, freight destinations: Caracas; Guadaljara; Lima; Mexico City; Miami; Paramaribo; Philadelphia; Quito; San Juan; Santiago; Sao Paulo; & Valencia.

November 2006: Tampa Cargo (TMP) launched operations to Los Angeles (LAX) (2x-weekly from Bogota) and Manaus (2x-weekly from (LAX) via Colombia). (TMP) now serves 17 destinations in North and South America, and the Caribbean.

April 2008: Avianca (AVI) will purchase Tampa Cargo (TMP) and form a strategic alliance with Martinair (MTH), which currently holds a 57% share in the Colombian cargo airline. (AVI) also will acquire the remaining shares held by private local investors. "In Bogota, Colombia, the parties reached a principle agreement on the sale of 100% of the shares. The transaction is expected to be finalized in June 2008," (MTH) said.

Simultaneously, (MTH), (TMP), and (AVI) are working on an agreement to form a long-term "Strategic Cargo Alliance" to develop their cargo business jointly. The current cooperation between (MTH) and (TMP) with joint sales offices throughout the Americas will continue in the alliance. "The parties will carefully consider the competition law aspects of the envisaged alliance agreement and will seek any governmental approval required from the authorities regarding competition law," the (MTH) noted.

September 2009: (ANA) Aviation Services was appointed by Tampa Cargo (TMP) to be its UK General Services Agent (GSA).

October 2009: Avianca (AVI) has confirmed it is merging with Grupo (TACA) (TAC). (AVI) (CEO) Fabio Villegas said (AVI)'s board after months of study has decided to pursue a "strategic merger" with Grupo (TACA) (TAC). But Villegas stressed that each company intends to maintain its own identity and continue to operate independently. He said "the project offers big opportunities, given the multitude of synergies" the 2 carriers will be able to pursue. Their combined network will also provide (AVI) and (TAC) customers with improved connections throughout the Americas and the world. The 2 carriers already code share on some routes.

"I am sure with the commitment of all employees we will create with (TAC) the most important airline leader in Latin America," Villegas said. He called the deal with (TAC) "of great significance for our company and the Latin American aviation industry in general". Villegas said combined, the carriers have an "optimistic future" which is sure to be "recognized nationally and internationally".

(LAN) Airlines is now the biggest airline group in Latin America, with passenger airlines in Chile, Argentina, Ecuador, and Peru, plus cargo airlines in Brazil, Colombia, Mexico, and the USA. Publicly-traded (LAN) also has been looking at establishing new passenger airlines in Colombia and Brazil, perhaps through a merger or acquisition.

Grupo Taca (TAC) includes airlines in nearly every Central American country as well as in Peru. (TAC), which is privately owned, also has a stake in Mexican low-cost carrier Volaris (VLS).

(AVI) is predominately owned by Brazil's Synergy Group, which also owns Brazilian carrier OceanAir (ONE) and Ecuadorean regional carrier, (VIP). It is unclear if the (AVI)-(TAC) tie-up will include these smaller carriers but (AVI) already last year took over the management of OceanAir (ONE). (AVI) last year also acquired Colombian cargo carrier Tampa (TMP).

Once the transaction is complete, (TAC) (CEO) & Chairman Roberto Kriete will serve as Chairman of the new group’s board of directors and (AVI) (CEO) Fabio Villegas plans to serve as (CEO). Other members of the new company’s senior management team include current (TAC) (COO) Estuardo Ortiz who will assume the same role upon the company’s formation, and (AVI) (CFO) Gerardo Grajales, who also assumes the same role, once the merger is complete.

(AVI) is roughly double the size of (TAC) on a revenue basis with the former generating about $2 billion in annual revenues and the latter about $1 billion. (LAN) as a group last year generated $4.5 billion in revenues.

September 2011: Avianca (AVI), part of the airline group AviancaTaca Holdings, has ordered 4 A330-200F freighters. The new airplanes, to be operated by Avianca (AVI)’s cargo subsidiary Tampa (TMP), will replace its cargo fleet and play a key role in expanding (AVI)’s international cargo business.

Avianca (AVI) purchased Tampa Cargo (TMP) in 2008.

The order makes (AVI) the 1st Latin American operator to receive the A330-200F. AviancaTaca and its subsidiaries already operate 7 A330-200 passenger airplanes and 81 A320 family airplanes.

“We are confident that these new A330Fs will bring us greater fuel efficiency, lower operating costs and improved environmental performance,” said AviancaTaca Holdings (CEO) & Avianca President Fabio Villegas.

The A330-200F can carry up to 70 tonnes of payload and has a maximum range of 4,000 nm. 8 A330-200Fs are now flying with 4 operators in the Middle East, Europe and Asia. To date, 61 freighter airplanes have been ordered by 10 customers.

March 2012: Bogota-based, AviancaTaca Holding, parent of Avianca (AVI), TACA (TAC), Aerogal (ERG) and Tampa Cargo (TMP), reported 2011 net income of +$109 million, more than tripling a net profit of +$33 million in 2010.

The company said full-year operating revenue rose +24.6% compared to 2010 to $3.8 billion. (EBITDAR) was $739 million, up +11.5% (YOY).

(AVI)/(TAC) said it has approved, pending shareholder approval, a profit distribution that will pay $24.1 million to holders of common and preferred stock.

(CEO) Fabio Villegas told the "Los Angeles Times" that Colombia's "economy has taken a quantitative leap in investment, investor confidence and in radically improved security conditions. All that new business translates into a lot more passengers."

May 2012: Bogota-based, AviancaTaca Holding, parent of Avianca (AVI), (TACA) (TAC), Aerogal (ERG) and Tampa Cargo (TMP), reported passenger boardings were up +16% to 5.5 million in the 1st quarter. Capacity (ASK)s grew +13.8%. Consolidated numbers show a +23.5% growth at the domestic markets of Colombia, Ecuador, and Peru. International boardings were up +7.5%, to 2.4 million passengers.

The group reported 2011 net income of +$109 million, more than tripling a net profit of +$33 million in 2010.

(TMP) has been certified by both the (FAA) and the (UAEAC) (the local agency) to provide line and overhaul maintenance and repair services at its home base in Medellin for A318s, A319s, A320s and A321 airplanes, as well for (CFM56) and (V2500) engines.

July 2012: Rolls Royce (RRC) finalized an AviancaTaca (AVI)/(TAC) order for (Trent 700)s for 4 A330-200Fs in a deal that includes "TotalCare" support.

September 2012: Tampa Cargo (TMP) introduced a 767-300ERF into service.

October 2012: The AviancaTaca group of airlines will unify all members under the single Avianca (AVI) name starting in the 1st half of 2013. Each member carrier will keep its own separate legal corporate status but will be authorized to do business under 1 brand name.

During the 1st stage, (AVI), Tampa Cargo (TMP) and the (TACA) (TAC) group of airlines ((TACA) International (TAC), Lacsa (LAC), (TACA) Peru (TNM) and Aviateca (AVT)) will adopt the single brand name in the 2013 1st half. Aerogal (ERG) will join them in the 2nd half.

Since the Avianca (AVI) and (TACA) group of airlines merged, it has implemented 45 new routes, increased (ASK)s by +37% and simplified its fleet by reducing it from 11 to 4 airplane family types. It also unified their respective frequent flyer programs into a single product, "LifeMiles" and joined the Star Alliance (SAL).

(CEO) Fabio Villegas Ramirez said that in addition to the upgrade in infrastructure and technology and network expansion, the integrated member airlines have “simultaneously registered highly satisfactory results in domestic and international markets, as well as impressive customer satisfaction figures, which has facilitated growth and positive financial results.”

December 2012: Tampa Cargo (TMP), AviancaTaca Holding (AVI)/(TAC)’s cargo airline based in Colombia, has taken delivery of the 1st of 4 new A330-243F (N330QT, - - SEE PHOTO - - "TMP-A330-243F - 2012-12") freighters at the Airbus (EDS) facilities in Toulouse, France. The A330-243F is powered by Rolls-Royce (RRC) (Trent 772B) engines. The new A330-243F is part of (TMP)’s fleet renewal strategy and will allow (TMP) to expand its presence in new and existing international markets, including Brazil, Ecuador, Mexico, the USA, and Uruguay.

Notable economic benefits for Tampa Cargo (TMP) include operational commonality with the A330-200 passenger airplane of which (AVI) has ordered 10 airplanes. Benefiting from its outstanding operational reliability and the success of the passenger version, the A330-200F can carry 70 tonnes of payload, with a range capability of up to 4,000 nm. This will allow (TMP) to serve both regional and intercontinental destinations. To date, 15 of these freighters are flying with 6 operators worldwide.

The fleet expansion program included introduction of a 767-300ERF into service in September. (TMP) also operates 4 767-200ERFs.

Avianca Cargo (TMP) last year increased capacity +114% at its new cargo terminal at Bogotá’s International Eldorado Airport. This year, (TMP) plans to upgrade its cargo airplane maintenance base in Medellín and at its Information Technology (IT) cargo management system "SkyChain."

AviancaTaca (AVI)/(TAC) (CEO) Fábio Villegas Ramirez said the group decided “to magnify” its efforts in “this business front,” taking in account “the growing demand for cargo mobilization capacity between the Northern and Southern hubs in the Western Hemisphere and from here to other continents.”

AviancaTaca (AVI)/(TAC) has purchased a total of 190 Airbus (EDS) airplanes and has a backlog of almost 80 airplanes. Overall, Airbus (EDS) has sold >750 airplanes throughout Latin America and the Caribbean and currently holds a backlog that is >370. In the last 10 years, (EDS) tripled its in-service fleet in the region, while delivering >60% of all airplanes operating there.

February 2013: TACA International Airlines ((IATA) Code: TA, based at San Salvador Cuscatlán International (SAL)) (TAC) as well as sister carrier (TACA) Costa Rica ((IATA) Code: LR, based at San José Juan Santamaría International (SJO)), (LAC), (TACA) Perú ((IATA) Code: TO, based at Lima Jorge Chávez International (LIM)) (TNM) and TAMPA Cargo ((IATA) Code: QT, based at Medellín José Maria Córdova International (MDE)) (TMP) are all expected to be rebranded as "Avianca" in June according to statements made by Avianca Colombia ((IATA) Code: AV, based at Bogotá El Nuevo Dorado International (BOG)) (AVI) said Chief Operating Officer (COO) Estuardo Ortiz. The rebranding of AeroGal ((IATA) Code: 2K, based at Quito Marsical Sucre (UIO)) (ERG) has been postponed until the end of the year or early 2014.

May 2013: Bogota-based, AviancaTaca Holdings reported a first-quarter net income of +$75.3 million, more than doubled from +$34.9 million in the year-ago.

AviancaTaca Holdings, created by the 2009 combination of Colombia’s Avianca (AVI) and El Salvador-based Grupo (TACA) (TAC), has formally rebranded itself Avianca Holdings and intends to integrate TACA (TAC) and its other airline subsidiaries under a single “Avianca” brand.

Other carriers in the group to move under the Avianca brand include Tampa Cargo (TMP), TACA Peru (TNM), Costa Rica-based Lacsa (LAC) and Ecuador-based Aerogal (ERG).

Avianca Holdings (CEO), Fabio Villegas said that “the single commercial brand represents a very important milestone.” The combined fleet of Avianca (AVI) and TACA (TAC) stands at 151 airplanes. “Currently, the ‘new Avianca’ (AVI) covers 100 destinations in 25 countries in the Americas and Europe through 5,100 weekly flights,” the company stated.

Avianca (AVI) said the new branding will “gradually” roll out, with its airplane fleet and other facilities moving toward a single visual brand. SEE PHOTO - - "TMP-2013-05 UNIFIED AVIANCA LIVERY A320."

October 2014: TAMPA Cargo ((IATA) Code: QT, based at Medellín José Maria Córdova) (TMP) has completed its acquisition of a minority stake in Mexican freight specialist, AeroUnion ((IATA) Code: 6R, based at México City) (UNO). The Avianca Holdings affiliate said in its (SEC) filing that the Mexican foreign investment control, civil aviation, and competition authorities had all assented to the buy in. The size of the shareholding acquired was not disclosed.

AeroUnion (UNO) is a scheduled cargo carrier operating 4 A300B4Fs and 2 767-200Fs on services within Mexico and between Mexico and the USA. For its part, TAMPA Cargo (TMP) operates 4 A330-200Fs and a 767-300F under the Avianca Cargo ((IATA) Code: QT) (TMP) brand on flights throughout Latin America and Europe.

November 2013: A330-243F (1448, N334QT), ex-(F-WWKU), delivery.

February 2015: Avianca Cargo (TMP) took delivery of its 5th A330F freighter from Airbus (EDS). The A330F performed its 1st flight on the Medellin - Miami route. Avianca Cargo (TMP) is strengthening its cargo network and will replace its Boeing 767-300 model, leaving the fleet this month.

March 2017: March 2017: Avianca Holdings posted a net profit of +$44.2 million in 2016, reversing a -$139.5 net loss the company reported in 2015. “Through steadfast focus on implementing our [business] plan, and the benefit of improved microeconomic tailwinds, 2016 was a strong year for Avianca (AVI),” (AVI) (CEO) Hernán Rincón said.

Aviana Holdings is the parent of 7 Latin American passenger airlines including Colombian flag carrier Avianca (AVI) and air-freight carrier Avianca Cargo (TMP).

(AVI)’s operating revenue for the year totaled $4.1 billion, down -5.1% from $ 4.4 billion in 2015. Operating expenses decreased -6.3% to $3.9 billion, compared to $4.1 billion in 2015. The company’s operating profit for the year was +$258.5 million, up +18.1% year-over-year (YOY). The company’s full-year operating margin increased +1.3 points (YOY) to 7.2%.

“In [(1Q) 2016], I reiterated our commitment to improving Avianca (AVI)’s capital structure [and] we have made strong strides on this front, through implementing a 3 pronged approach during the year,” Rincón said. “1stly, we began by renegotiating aircraft deliveries for the 2016 through 2019 period, resulting in a significant reduction in capital expenditure for the company totaling $1.4 billion. 2ndly, we implemented an organizational restructuring in [(2Q) 2016] streamlining (AVI)’s administrative layers and finally, we reduced the company’s debt by -$198 million.”

Rincón projected Avianca’s capacity growth for 2017 will be in the range of 6.5% to 8.5%, while maintaining load factors between 80% to 82% LF. Projected passenger growth in 2107 will be between +4.0% and +6.0%. “As a result, we estimate that our (EBIT) margin for 2017 will be in the range of 6.0% and 8.0%,” Rincón said.

In 2016, (AVI) recorded 29.5 million passengers, up +4.2% (YOY). Traffic increased +7.8% (YOY) to 38.2 billion (RPK)s and capacity increased +5.9% (YOY) to 47.1 billion (ASK)s. Load factor for the year came to 81.1% LF, up +1.4 points (YOY). (RASK) fell -1 point (YOY) to 8.8 cents; (CASK) declined -1.1 points (YOY) to 8.2 cents.

In January, Avianca (AVI) entered into negotiations with United Airlines (UAL) “to create a long-term strategic partnership that will provide our customers with the best possible travel experience when traveling to or from the USA,” Rincón said. “[We] seek to implement as soon as possible an agreement to enhance and deepen our commercial and strategic relationship with (UAL), our Star (SAL) Alliance partner.”

Fleet:
(definitions)

Click below for photos:
TMP-767-200F
TMP-767-241SF
TMP-767-383ER-VG
TMP-A330-200F - 2012-12
TMP-A330-243F - 2012-12
TMP-A330-243F - AVIANCA CARGO
TMP-A330F - 2015-02.jpg
TMP-DC-8-71F

September 2017:

0 707-321C (JT3D-3B) (362-18714, /64 HK-3333X), EX-(PAA), (CII) LSD, PARTED OUT. FREIGHTER.

0 707-324C (JT3D-3B) (576-19352, /67), EX-(CAL), RTND (CII), TO (SKA) 2/00. FREIGHTER.

0 707-338C (JT3D-3B HK) (404-18808, /65 HK-3030X "EL ARRIERO"), ST (SKA) 11/98. FREIGHTER.

2 747-223 (111-22318, N771QT; 109-22317, N772QT), EX-(AAL), TO CONV TO F BY (ARP). FREIGHTER.

0 767-241ERF (CF6-80C2) (161-23803, /86 N768QT; 170-23801,/87 N769QT; 172-23802, /87 N770QT; 178-23804, /87 N767QT), (IAI) CONV TO F, EX-(VAR), (GEF) LSD. 23801; & 23803; TO (2A1) 2014-05. FREIGHTER.

0 767-300ERF, 2012-09.

1 DC-8-71F (CFM56-2C) (289-45849, /67 HK-3786X; 337-45945, /68 HK-4176X; 462-46066, /69 HK-3785X), EX-(UAL), (GEF) LSD. 45849 RTND 6/04. 46066 RTND 10/04. FREIGHTER.

1 DC-8-71F (CFM56-2C) (337-45945, /68 HK-4176X), EX-(IBE), (GEH) LSD 12/98. FREIGHTER.

1 DC-8-71F (CFM56-2C) (372-45976, /68 HK-4277X), EX-(EAF), (GEF) 18 MTH LSD 3/03. FREIGHTER.

0 DC-8-71F (CFM56-2C) (449-46040, /69 HK-4294X), EX-(MSR), AEROUSA LSD 7/03. RTND 10/04. FREIGHTER.

1 DC-8-71F (CFM56-2C) (462-46066, HK-3785X), FREIGHTER.

0 DC-10-30F (CF6-50C2), (MTH) WET-LSD, RTND. FREIGHTER.

0 DC-10-30F (CF6-50C2), (GMN) 2 YR LSD 1999-12, RTND. FREIGHTER.

5 A330-243F (TRENT 772B) (1428, N332QT, - - SEE PHOTO - - "TMP-A330-243F - 2012-12;" 1448, N334QT), EX-(F-WWCI). IN NEW "AVIANCA CARGO" COLORS. FREIGHTER.

Management:
(definitions)

ROBERTO KRIETE, CHAIRMAN AVIANCATACA (AVI)/(TAC) HOLDINGS.

FABIO VILLEGAS RAMIREZ, EXECUTIVE PRESIDENT (AVI) (2005-03) AND (CEO) AVIANCA TACA HOLDING SA (2010-02).

FABIO ECHEVERRY, CHAIRMAN (TMP).

DANIEL BAQUERIZO, GENERAL MANAGER (TMP) (2007-10).

CAPTAIN MAURICIO LONDONO, VP TECHNICAL & OPERATIONS (2000-04)
(mlondono@tampacargo.com.co).

CARLOS IVAN VILLEGAS, ADMINISTRATION & FINANCE VP.

LIBORIO CUELLAR ARAUJO, VP SALES & MARKETING.

ENRIQUE ONATE, VP SECURITY.

ADRIANA PALACIO, LEGAL COUNSEL.

ALEJANDRO PARDO, REGIONAL MANAGER - NORTH AMERICA.

PATRICIA PAULHIAC, GENERAL MANAGER QUITO & FOR (MTH) (2007-01).

CAPTAIN RAFAEL NUNEZ, DIRECTOR FLIGHT OPERATIONS (2002-08).

CAPTAIN BERNADO GALLEGO, DIRECTOR FLIGHT SAFETY (flightsafety@tampacargo.com.co).

BYRON PEREZ, DIRECTOR ENGINEERING (2002-11), EX-(ACE).

JUAN CARLOS OSORIO, DIRECTOR QUALITY ASSURANCE (QA) (1999-12).

MARCOS BRAVO, DIRECTOR HEAVY MAINTENANCE & OVERHAUL (2002-11)
(mbravo@tampacargo.com.co).

JUAN GONZALEZ, DIRECTOR MATERIAL, EX-(AVI).

HERBER VELEZ, MANAGER BASE MAINTENANCE.

BERNARDO MARIN, TECHNICAL SERVICES MANAGER.

 
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