February 27, 2019 |
Colombia's Avianca Holdings is pressing ahead with plans to sell $100m in assets this year, having completed the sales of 50% stakes in Getcom and CAE, LatinFinance has heard.
"We are pretty advanced in the process to sell non-core assets by the end of the year," said Luca Pfeifer, the head of investor relations at Avianca.
The airline is looking to divest its stakes in the carriers Sansa Airlines in Costa Rica and Aerotaxis La Costeña in Nicaragua along with the cargo airline Deprisa and the
Colombian airline looks to offload $100m in non-core assets by the end of the year