Avianca Ends Effort To Acquire Viva, Rejecting Aerocivil’s Conditions
Credit: Joe Pries / Viva Air
Avianca has withdrawn its effort to acquire Viva, saying Colombian regulator Aerocivil’s conditions for approving the proposed merger would “make Viva’s recovery impossible and could even affect Avianca’s stability.” The Colombian flag carrier says it offered to return more than 75% of Viva’s slots...
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