Avianca will invest US$473 million to add 16 aircraft to its fleet in order to increase the number of routes offered, its CEO Adrian Neuhauser announced Thursday.
Avianca will lease 14 Airbus A320neo planes and two A320ceo planes to push its daily flights on domestic routes up by almost 25%, from 600 to 750.
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Neuhaser during a press conference in Colombia’s Bogota called the increase of almost 1 million weekly seats “unprecedented growth” in the airline’s history.
“The resources to finance the incorporation of these planes come from our available cash and additional debt that we take on leases,” Neuhaser said.
The 16 planes will join Avianca’s fleet between October and the end of December, the executive said.
Avianca’s employee head count will grow by some 1,200, Neuhaser added.
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