Avianca Brasil open to more bids

Avianca Brasil open to more bids

M&A Corporate & Sovereign Strategy Brazil Colombia

Avianca Brasil is willing to consider more bids for airport slots and aircraft as it tries to raise funds and emerge from bankruptcy, LatinFinance has heard. Rival airline Azul last week offered $105m to Avianca Brasil for 30 Airbus A320 aircraft, 70 pairs of airport runway slots and Avianca Brasil's operating certificate.  The deal has not closed, however, and it remains subject to several conditions, said a spokesperson from Avianca Brasil. "Other companies can also present bids," she added.

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