Chile's JetSmart takes lead in race for Avianca Brasil

Chile's JetSmart takes lead in race for Avianca Brasil

M&A Corporate & Sovereign Strategy Debt Regulation Brazil Chile US

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 ne

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial