Major airlines bidding for Avianca

BTN News
Thursday, 15 September 2016

Some large carriers are considering a partial purchase of Avianca, a Colombian carrier, reports say.


Delta Air Lines, United Continental and Copa Airlines already have made non-binding offers for a minority stake in Avianca Holdings, though there’s no guarantee any deal will be reached.


Avianca carried 61 per cent of Colombia’s 15 million-plus passengers through July and a deal could also give a winning bidder a chance to partner with Avianca Brasil, a separate airline also controlled by Avianca owners the Efromovich brothers and which has about 11 per cent of the Brazilian market.

Major airlines bidding for Avianca

BTN News
Thursday, 15 September 2016

Some large carriers are considering a partial purchase of Avianca, a Colombian carrier, reports say.


Delta Air Lines, United Continental and Copa Airlines already have made non-binding offers for a minority stake in Avianca Holdings, though there’s no guarantee any deal will be reached.


Avianca carried 61 per cent of Colombia’s 15 million-plus passengers through July and a deal could also give a winning bidder a chance to partner with Avianca Brasil, a separate airline also controlled by Avianca owners the Efromovich brothers and which has about 11 per cent of the Brazilian market.