IBOV 175,739 ▼ 1.20% IPSA 10,928 ▼ 1.17% IPC MEX 65,973 ▼ 0.79% MERVAL 3,235,295 ▼ 1.37% COLCAP 2,307.67 — UNCH BVL PERÚ 56,917.82 ▼ 0.86% USD/BRL5.13▼ 0.12% USD/MXN17.50▼ 0.15% USD/CLP932.70▼ 0.02% USD/COP3,245▼ 0.56% USD/PEN3.40▼ 0.23% USD/ARS1,482▼ 0.07% USD/UYU40.22▲ 0.96% USD/PYG6,045▲ 1.22% USD/BOB10.35▲ 6.04% USD/DOP58.37▼ 0.19% USD/CRC448.53▲ 1.22% USD/GTQ7.62▼ 0.10% USD/HNL26.73▲ 1.41% USD/NIO36.62▲ 0.63% USD/VES722.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 0.70% USD/TTD6.74▼ 0.12% EUR/BRL5.85▲ 0.50% BRENT 86.60 ▲ 3.96% WTI 80.38 ▲ 2.87% IRON ORE 161.91 — — COPPER 6.37 ▲ 2.25% GOLD 4,024 ▲ 0.67% SILVER 58.33 ▲ 1.20% SOY 1,191 ▼ 0.96% CORN 459.50 ▲ 4.97% WHEAT 636.00 ▲ 1.44% COFFEE 335.75 ▼ 1.65% SUGAR 14.84 ▲ 0.61% ORANGE JUICE 137.15 ▼ 7.24% COTTON 82.00 ▲ 2.72% COCOA 5,784 ▲ 1.54% BEEF 230.83 ▼ 1.86% CATTLE 354.20 ▼ 0.11% LITHIUM 70.24 ▼ 2.88% PETR4 40.66 ▲ 2.55% VALE3 72.85 ▼ 1.79% ITUB4 43.52 ▼ 1.76% BBDC4 18.77 ▼ 0.48% ABEV3 15.83 ▲ 0.06% BBAS3 20.24 ▼ 1.65% B3SA3 15.12 ▼ 1.95% WEGE3 44.39 ▼ 4.56% PRIO3 57.20 ▲ 3.16% SUZB3 41.49 ▼ 0.14% RENT3 40.20 ▼ 2.19% AZZA3 19.22 ▲ 0.63% CSAN3 3.90 ▼ 4.18% RAIZ4 0.33 ▼ 5.71% PCAR3 2.59 ▼ 5.13% GMAT3 3.94 ▼ 0.76% PSSA3 54.04 ▼ 1.69% CVCB3 1.25 — 0.00% POSI3 3.99 ▲ 0.50% SLCE3 13.87 ▼ 1.07% NATU3 8.60 ▼ 0.92% BRKM5 6.94 ▲ 4.68% RANI3 7.95 ▼ 0.75% CSNA3 5.24 ▲ 1.16% CMIN3 5.45 ▲ 4.21% USIM5 8.38 ▼ 0.83% GGBR4 22.82 ▼ 0.83% ENEV3 26.88 ▼ 2.43% CPFE3 46.84 ▼ 2.15% CMIG4 11.07 ▼ 2.72% EQTL3 40.21 ▼ 1.71% LREN3 14.15 ▼ 3.21% VIVT3 34.73 ▼ 2.85% RAIL3 14.11 ▼ 1.74% KLABIN 17.48 ▼ 0.34% RAIA DROGASIL 18.20 ▼ 3.04% RDOR3 35.56 ▼ 1.28% HAPV3 10.46 ▼ 1.32% FLRY3 16.15 ▼ 1.64% SMTO3 16.37 — 0.00% UGPA3 30.93 ▲ 0.72% VBBR3 32.76 ▼ 0.73% BBSE3 40.28 ▼ 0.17% BPAC11 57.52 ▼ 2.06% CURY3 33.12 ▼ 3.19% AERI3 2.08 ▼ 0.48% VIVARA 23.11 ▼ 1.79% COMPASS 24.77 ▼ 2.86% VAMOS 3.02 ▼ 1.31% SANB11 27.37 ▼ 0.91% ASAI3 8.71 ▼ 1.80% SBSP3 30.37 ▼ 2.38% WALMEX 49.66 ▲ 0.69% GMEXICO 195.76 ▼ 1.74% FEMSA 225.36 ▲ 0.92% CEMEX 21.79 ▼ 0.32% GFNORTE 181.91 ▼ 2.51% BIMBO 55.97 ▼ 0.23% TELEVISA 9.58 ▼ 1.54% AMX 22.86 ▲ 0.70% GAP 407.66 ▼ 1.17% ASUR 278.66 ▼ 2.27% OMA 232.47 ▼ 1.70% KOF 181.26 ▲ 0.62% GRUMA 281.09 ▼ 0.87% KIMBER 38.20 ▲ 0.34% SQM-B 67,211 ▼ 0.80% COPEC 6,057 ▼ 1.33% BSANTANDER 78.20 ▼ 1.01% FALABELLA 5,905 — 0.00% ENELAM 84.20 ▼ 1.41% CENCOSUD 2,040 ▼ 0.25% CMPC 1,078 ▼ 2.80% BANCO CHILE 185.00 ▼ 2.05% LATAM AIR 24.90 ▼ 5.18% YPF 77,175 ▲ 3.73% GGAL 8,095 ▼ 2.88% PAMPA 5,225 ▲ 0.87% TXAR 661.50 ▼ 1.42% ALUAR 964.50 ▼ 1.13% TGS 9,580 ▼ 0.16% CEPU 2,324 ▼ 3.01% MIRGOR 17,050 ▼ 1.16% COME 44.85 ▼ 2.31% LOMA NEGRA 3,500 ▼ 2.30% BYMA 308.25 ▼ 1.83% TELECOM ARG 4,248 ▲ 0.06% ECOPETROL 15.88 ▲ 1.93% BANCOLOMBIA 80.42 ▼ 3.05% GRUPO AVAL 4.91 ▼ 3.16% CREDICORP 389.22 ▼ 2.89% SOUTHERN COPPER 174.53 ▼ 0.74% BUENAVENTURA 29.82 ▼ 0.60% MERCADOLIBRE 1,867 ▲ 0.81% NUBANK 13.67 ▼ 0.65% XP 16.37 ▼ 3.25% PAGSEGURO 9.28 ▲ 0.32% STONE 11.15 ▼ 0.54% GLOBANT 32.12 ▲ 7.21% TECNOGLASS 42.84 ▼ 2.41% GAP AIRPORT 232.77 ▼ 1.22% ASUR 278.66 ▼ 2.27% OMA AIRPORT 106.13 ▼ 1.77% AMX ADR 26.02 ▲ 0.04% FEMSA ADR 129.01 ▲ 1.06% CEMEX ADR 12.45 ▼ 0.24% PETROBRAS ADR 17.88 ▲ 3.23% VALE ADR 14.18 ▼ 1.94% ITAU ADR 8.47 ▼ 1.74% SANTANDER BR 5.34 ▼ 1.02% AMBEV ADR 3.06 ▼ 0.33% CSN 1.03 ▲ 1.49% GERDAU 4.49 ▼ 0.22% LATAM ADR 53.33 ▼ 5.53% BTC 62,536 ▲ 0.48% ETH 1,783 ▲ 0.55% SOL 74.99 ▲ 0.17% XRP 1.07 ▲ 0.16% BNB 569.17 ▲ 0.45% ADA 0.16 ▲ 0.81% DOGE 0.07 ▲ 0.22% AVAX 6.48 ▲ 0.56% LINK 7.91 ▲ 0.49% DOT 0.85 ▲ 1.13% LTC 43.68 ▲ 0.44% BCH 235.74 ▼ 0.21% TRX 0.32 ▲ 0.17% XLM 0.18 ▼ 1.31% HBAR 0.07 ▼ 1.00% NEAR 1.98 ▲ 3.46% ATOM 1.52 ▼ 1.04% AAVE 96.31 ▲ 2.07% SELIC 14.25% EMBRAER 83.01 ▼ 1.88% EMBRAER ADR 64.48 ▼ 2.32% JBS 11.80 ▼ 0.92% JBS BDR 60.61 ▼ 0.28% MBRF3 15.72 ▲ 1.09% MBRFY 3.03 ▲ 0.33% INTER 5.65 ▼ 2.92% EGX 52,253 ▼ 0.68% USD/ZAR16.48▲ 0.04% USD/NGN 1,378 — 0.00% NIKKEI 67,744 ▲ 0.74% CSI300 4,797 ▲ 2.15% HSI 24,341 ▲ 0.52% NIFTY 24,035 ▼ 0.73% KOSPI 6,857 ▲ 0.73% JCI 6,040 ▲ 0.03% USD/JPY162.18▼ 0.16% USD/CNY6.78▼ 0.04% DAX 24,965 ▼ 0.59% CAC 8,297 ▼ 0.81% FTSE 10,446 ▼ 0.50% MIB 52,497 ▼ 0.59% IBEX 19,164 ▼ 0.89% STOXX 637.12 ▼ 0.61% EUR/USD1.14▲ 0.18% GBP/USD1.34▼ 0.05% SPX 7,515 ▼ 0.79% DJI 52,499 ▼ 0.26% NDX 29,264 ▼ 1.88% RUT 2,953 ▼ 0.83% TSX 35,253 ▼ 0.15% VIX 17.30 ▲ 0.82% USD/CAD1.41▼ 0.49% US10Y 4.6090 ▲ 0.88% IBOV 175,739 ▼ 1.20% IPSA 10,928 ▼ 1.17% IPC MEX 65,973 ▼ 0.79% MERVAL 3,235,295 ▼ 1.37% COLCAP 2,307.67 — UNCH BVL PERÚ 56,917.82 ▼ 0.86% USD/BRL 5.13 ▼ 0.12% USD/MXN 17.50 ▼ 0.15% USD/CLP 932.70 ▲ 0.85% USD/COP 3,247 ▼ 0.49% USD/PEN 3.40 ▼ 0.23% USD/ARS 1,482 ▼ 0.07% USD/UYU 40.22 ▲ 0.96% USD/PYG 6,045 ▼ 0.17% USD/BOB 10.35 ▲ 2.07% USD/DOP 58.37 ▲ 0.49% USD/CRC 448.53 ▲ 1.22% USD/GTQ 7.62 ▼ 0.10% USD/HNL 26.73 ▲ 1.41% USD/NIO 36.62 ▲ 0.63% USD/VES 722.19 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 0.70% USD/TTD 6.74 ▲ 1.05% EUR/BRL 5.85 ▲ 0.49% BRENT 86.60 ▲ 3.96% WTI 80.38 ▲ 2.87% IRON ORE 161.91 — — COPPER 6.37 ▲ 2.25% GOLD 4,024 ▲ 0.67% SILVER 58.33 ▲ 1.20% SOY 1,191 ▼ 0.96% CORN 459.50 ▲ 4.97% WHEAT 636.00 ▲ 1.44% COFFEE 335.75 ▼ 1.65% SUGAR 14.84 ▲ 0.61% ORANGE JUICE 137.15 ▼ 7.24% COTTON 82.00 ▲ 2.72% COCOA 5,784 ▲ 1.54% BEEF 230.83 ▼ 1.86% CATTLE 354.20 ▼ 0.11% LITHIUM 70.24 ▼ 2.88% PETR4 40.66 ▲ 2.55% VALE3 72.85 ▼ 1.79% ITUB4 43.52 ▼ 1.76% BBDC4 18.77 ▼ 0.48% ABEV3 15.83 ▲ 0.06% BBAS3 20.24 ▼ 1.65% B3SA3 15.12 ▼ 1.95% WEGE3 44.39 ▼ 4.56% PRIO3 57.20 ▲ 3.16% SUZB3 41.49 ▼ 0.14% RENT3 40.20 ▼ 2.19% AZZA3 19.22 ▲ 0.63% CSAN3 3.90 ▼ 4.18% RAIZ4 0.33 ▼ 5.71% PCAR3 2.59 ▼ 5.13% GMAT3 3.94 ▼ 0.76% PSSA3 54.04 ▼ 1.69% CVCB3 1.25 — 0.00% POSI3 3.99 ▲ 0.50% SLCE3 13.87 ▼ 1.07% NATU3 8.60 ▼ 0.92% BRKM5 6.94 ▲ 4.68% RANI3 7.95 ▼ 0.75% CSNA3 5.24 ▲ 1.16% CMIN3 5.45 ▲ 4.21% USIM5 8.38 ▼ 0.83% GGBR4 22.82 ▼ 0.83% ENEV3 26.88 ▼ 2.43% CPFE3 46.84 ▼ 2.15% CMIG4 11.07 ▼ 2.72% EQTL3 40.21 ▼ 1.71% LREN3 14.15 ▼ 3.21% VIVT3 34.73 ▼ 2.85% RAIL3 14.11 ▼ 1.74% KLABIN 17.48 ▼ 0.34% RAIA DROGASIL 18.20 ▼ 3.04% RDOR3 35.56 ▼ 1.28% HAPV3 10.46 ▼ 1.32% FLRY3 16.15 ▼ 1.64% SMTO3 16.37 — 0.00% UGPA3 30.93 ▲ 0.72% VBBR3 32.76 ▼ 0.73% BBSE3 40.28 ▼ 0.17% BPAC11 57.52 ▼ 2.06% CURY3 33.12 ▼ 3.19% AERI3 2.08 ▼ 0.48% VIVARA 23.11 ▼ 1.79% COMPASS 24.77 ▼ 2.86% VAMOS 3.02 ▼ 1.31% SANB11 27.37 ▼ 0.91% ASAI3 8.71 ▼ 1.80% SBSP3 30.37 ▼ 2.38% WALMEX 49.66 ▲ 0.69% GMEXICO 195.76 ▼ 1.74% FEMSA 225.36 ▲ 0.92% CEMEX 21.79 ▼ 0.32% GFNORTE 181.91 ▼ 2.51% BIMBO 55.97 ▼ 0.23% TELEVISA 9.58 ▼ 1.54% AMX 22.86 ▲ 0.70% GAP 407.66 ▼ 1.17% ASUR 278.66 ▼ 2.27% OMA 232.47 ▼ 1.70% KOF 181.26 ▲ 0.62% GRUMA 281.09 ▼ 0.87% KIMBER 38.20 ▲ 0.34% SQM-B 67,211 ▼ 0.80% COPEC 6,057 ▼ 1.33% BSANTANDER 78.20 ▼ 1.01% FALABELLA 5,905 — 0.00% ENELAM 84.20 ▼ 1.41% CENCOSUD 2,040 ▼ 0.25% CMPC 1,078 ▼ 2.80% BANCO CHILE 185.00 ▼ 2.05% LATAM AIR 24.90 ▼ 5.18% YPF 77,175 ▲ 3.73% GGAL 8,095 ▼ 2.88% PAMPA 5,225 ▲ 0.87% TXAR 661.50 ▼ 1.42% ALUAR 964.50 ▼ 1.13% TGS 9,580 ▼ 0.16% CEPU 2,324 ▼ 3.01% MIRGOR 17,050 ▼ 1.16% COME 44.85 ▼ 2.31% LOMA NEGRA 3,500 ▼ 2.30% BYMA 308.25 ▼ 1.83% TELECOM ARG 4,248 ▲ 0.06% ECOPETROL 15.88 ▲ 1.93% BANCOLOMBIA 80.42 ▼ 3.05% GRUPO AVAL 4.91 ▼ 3.16% CREDICORP 389.22 ▼ 2.89% SOUTHERN COPPER 174.53 ▼ 0.74% BUENAVENTURA 29.82 ▼ 0.60% MERCADOLIBRE 1,867 ▲ 0.81% NUBANK 13.67 ▼ 0.65% XP 16.37 ▼ 3.25% PAGSEGURO 9.28 ▲ 0.32% STONE 11.15 ▼ 0.54% GLOBANT 32.12 ▲ 7.21% TECNOGLASS 42.84 ▼ 2.41% GAP AIRPORT 232.77 ▼ 1.22% ASUR 278.66 ▼ 2.27% OMA AIRPORT 106.13 ▼ 1.77% AMX ADR 26.02 ▲ 0.04% FEMSA ADR 129.01 ▲ 1.06% CEMEX ADR 12.45 ▼ 0.24% PETROBRAS ADR 17.88 ▲ 3.23% VALE ADR 14.18 ▼ 1.94% ITAU ADR 8.47 ▼ 1.74% SANTANDER BR 5.34 ▼ 1.02% AMBEV ADR 3.06 ▼ 0.33% CSN 1.03 ▲ 1.49% GERDAU 4.49 ▼ 0.22% LATAM ADR 53.33 ▼ 5.53% BTC 62,536 ▲ 0.48% ETH 1,783 ▲ 0.55% SOL 74.99 ▲ 0.17% XRP 1.07 ▲ 0.16% BNB 569.17 ▲ 0.45% ADA 0.16 ▲ 0.81% DOGE 0.07 ▲ 0.22% AVAX 6.48 ▲ 0.56% LINK 7.91 ▲ 0.49% DOT 0.85 ▲ 1.13% LTC 43.68 ▲ 0.44% BCH 235.74 ▼ 0.21% TRX 0.32 ▲ 0.17% XLM 0.18 ▼ 1.31% HBAR 0.07 ▼ 1.00% NEAR 1.98 ▲ 3.46% ATOM 1.52 ▼ 1.04% AAVE 96.31 ▲ 2.07% SELIC 14.25% EMBRAER 83.01 ▼ 1.88% EMBRAER ADR 64.48 ▼ 2.32% JBS 11.80 ▼ 0.92% JBS BDR 60.61 ▼ 0.28% MBRF3 15.72 ▲ 1.09% MBRFY 3.03 ▲ 0.33% INTER 5.65 ▼ 2.92% EGX 52,253 ▼ 0.68% USD/ZAR 16.48 ▲ 0.13% USD/NGN 1,378 — 0.00% NIKKEI 67,744 ▲ 0.74% CSI300 4,797 ▲ 2.15% HSI 24,341 ▲ 0.52% NIFTY 24,035 ▼ 0.73% KOSPI 6,857 ▲ 0.73% JCI 6,040 ▲ 0.03% USD/JPY 162.18 ▼ 0.16% USD/CNY 6.7775 ▲ 0.10% DAX 24,965 ▼ 0.59% CAC 8,297 ▼ 0.81% FTSE 10,446 ▼ 0.50% MIB 52,497 ▼ 0.59% IBEX 19,164 ▼ 0.89% STOXX 637.12 ▼ 0.61% EUR/USD 1.1404 ▲ 0.15% GBP/USD 1.3380 ▲ 0.23% SPX 7,515 ▼ 0.79% DJI 52,499 ▼ 0.26% NDX 29,264 ▼ 1.88% RUT 2,953 ▼ 0.83% TSX 35,253 ▼ 0.15% VIX 17.30 ▲ 0.82% USD/CAD 1.4085 ▼ 0.48% US10Y 4.6090 ▲ 0.88%
since 2009
Tuesday, July 14, 2026

70 Dead, One General Out: Colombia’s C-130 Crash Becomes Civil-Military Crisis

By · March 31, 2026 · 3 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →

Key Points

Petro has ordered the removal of Air Force commander General Carlos Fernando Silva after a live television confrontation over the March 23 C-130 crash that killed 70 soldiers

Silva publicly contradicted Petro with technical data showing the aircraft had roughly 40 years of remaining flight life — the president had called it “junk”

The crash investigation is examining three hypotheses — mechanical failure, pilot error, or excess weight — with the black box recovered on March 25

The Rio Times, the Latin American financial news outlet, reports that Colombia’s military crash aftermath has escalated into a civil-military crisis. President Gustavo Petro has ordered the dismissal of Air Force commander General Carlos Fernando Silva, according to presidential sources cited by El País, after the general publicly contradicted him on live television about the cause of the March 23 C-130 Hercules crash that killed 70 soldiers in Putumayo.

The Defense Ministry, led by Pedro Sánchez — himself a former Air Force commander — has denied knowledge of the decision. Silva has served 39 years in the institution and was appointed only four months ago.

The Exchange That Triggered the Crisis

During a televised cabinet meeting on March 25, Petro argued that the aircraft’s age — manufactured in 1984, with over four decades of service — was the central factor in the crash. He blamed his predecessor Iván Duque for accepting the plane from the United States and called it “junk” on social media the day of the disaster.

70 Dead, One General Out: Colombia’s C-130 Crash Becomes Civil-Military Crisis. (Photo Internet reproduction)
RT
Ask Rio Times
17 years of Latin America reporting, on demand.
Open the full Ask Rio Times →

General Silva, with over 8,000 flight hours in his career, responded with technical data. The C-130H had approximately 20,000 flight hours remaining, he explained. At 500 hours per year, that represented roughly 40 additional years of useful life.

Petro pressed: could the aircraft last a century? Silva confirmed that the Air Force operates aircraft that are 80 years old. Millions of Colombians watched the exchange live on social media.

The Crash: What Is Known

The C-130H Hercules (serial FAC-1016) crashed into dense jungle approximately 1.5 kilometers from Caucayá Airport in Puerto Leguízamo on March 23, shortly after takeoff on a troop transport mission to Puerto Asís. Of the 126 people on board — 113 army soldiers, 11 crew members, and 2 police officers — 70 were killed and 56 survived with injuries.

The aircraft was delivered to Colombia in September 2020 under the US Excess Defense Articles program during the Duque administration. It underwent a full overhaul in 2023, with engine inspections and component replacements. Investigators recovered the black box on March 25 and are examining three hypotheses: mechanical failure, pilot error, or excess weight.

It was the deadliest aviation crash worldwide in 2026 and the second-worst in Colombian Air Force history. A Bolivian Air Force C-130 also crashed in February, killing 24 — raising broader questions about aging military fleets across Latin America.

The Political Stakes

Presidential sources told El País that the firing is not directly about the crash — still under investigation — but about what Silva failed to say. The president’s team believes the general missed a politically critical opportunity to publicly endorse fleet modernization during a high-impact moment, rather than defending the existing aircraft.

Petro has pushed for a CONPES (National Council for Economic and Social Policy) modernization plan for the armed forces. His team argues that the televised cabinet session — days after the deadliest military aviation disaster in years — was the moment to secure public support for that investment.

Critics see it differently: a president punishing an officer for presenting accurate technical data that contradicted the political narrative. The episode deepens an already strained relationship between Petro and Colombia’s military establishment — and raises questions about whether defense procurement decisions in Latin America’s third-largest economy will be guided by operational expertise or political expediency.

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.