On Monday, Viva and Avianca released a statement announcing they are seeking a quick merger authorization from the Colombian civil aviation authorities, looking to address the “complex financial situation” of the ultra-low-cost carrier founded in 2012. If approved,...
Mexico has all but recovered its pre-pandemic traffic levels in 2022. In the first six months of the year, the country has had 50.2 million passengers, growing compared to 2019 levels. The three leading Mexican carriers, Volaris, Aeromexico, and Viva Aerobus, have...
This month, Avianca and GOL shareholders announced the launch of the Abra Group Limited, a new holding that looks relatively similar to the International Airlines Group in Europe. The Abra Group Limited will be composed of Avianca, GOL, Viva Colombia, and Viva Perú...
We have massive consolidation news in the Latin American region. Avianca and GOL Linhas Aereas shareholders have announced the launch of Abra Group Limited, a new holding. This new holding will own Avianca, GOL, Viva Colombia, Viva Perú, and a small investment in...
On Friday morning, the shareholders of Avianca and Viva Colombia approved the acquisition of the ultra-low-cost carrier by Avianca. The approval will shake up the Colombian market; both carriers hold 50% of the domestic and international share. Avianca and Viva...
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