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Avianca ditches Viva Air takeover
Airline group Avianca Holdings has plugged the plug on a takeover of low-cost carrier Viva Air.
It says it is unbale to meet conditions imposed by the civil aviation authority.
Avianca was required to commit to air routes and fares.
“Unfortunately, this long process puts Viva at imminent risk of disappearing,” Avianca CEO Adrian Neuhauser said.
The Colombia regulator wanted Viva to continue as an affordable low-cost carrier.
Avianca said the strict plan ‘risks the stability of Avianca.’
Now that the integration is dead, ‘Viva does not have the capacity to continue operating,’ Avianca said.
Viva ceased operations in February.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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