April 29, 2019 |
Chile's JetSmart could take the lead in the race to buy assets from the bankrupt Brazilian airline Avianca Brasil, LatinFinance has heard.
"Another player would serve consumers better," said Renato Hallgren, an airline analyst at Banco do Brasil.
Local airline Azul previously presented a $105m offer bur did not reach an agreement. Since then, Gol and LATAM, invited by Elliott Management, have made a $110m offer.
Brazil's anti-trust regulator CADE, however, has indicated that Avianca Brasil needs
Low-cost airline is more likely to get anti-trust approval than airlines Gol and LATAM, analyst says