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Colombia regulator rejects Avianca – Viva merger plan
Avianca has responded to the recent rejection by Colombia’s Civil Aeronautics over the proposed merger of Avianca and Viva Colombia.
This proposal wants to protect passengers and jobs and boost connectivity, allowing Avianca to support troubled low-cost airline Viva’s financial situation, Avianca says.
Adrian Neuhauser, President and CEO of Avianca said: “We are concerned about the direction of the decision, as it goes against the needs of the country and ignores the potential effect that the disappearance of Viva would have on users and the market.”
At Avianca, we reiterate our willingness to actively participate in rescuing Viva, seeking to maintain connectivity for travelers, and strengthen tourism.”
Avianca will fully review Aerocivil’s decision and will explore any legal alternatives to seek the necessary approvals.
The Viva takeover is independent of the Abra Group process, which Avianca and GOL shareholders continue to move forward on.
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