Avianca is canceling orders for 17 Airbus A320neo family aircraft and deferring delivery of 35 more by at least seven years, the Colombia-based airline said March 15. In an SEC filing, Avianca said the agreement “will reduce Avianca’s fleet CapEx needs by more than $350 million over the next three years and reduces financial commitments for the 2020-2022 period by more than $2.6 billion.” The 17 canceled A320neos are associated with a purchase order Avianca signed in May ...

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