May 21, 2019 |
Avianca Holdings' growing financial woes could make it a target for takeover bids from other carriers, including United Airlines, LatinFinance has heard.
"Avianca is falling in value, as is the [Colombian] peso. We could see some airlines looking to take bargain stakes," said an M&A banker in Bogotá.
United has been linked to Avianca, but executives at the Colombian airline have played down concerns that the US carrier could take try to take control.
After Avianca announced a partnership
Colombian airline could become a target for other carriers looking for a bargain, source says