Avianca-Viva deal hits snag

Avianca-Viva deal hits snag

M&A Regulation Equity Colombia

Colombian airline Avianca said it will evaluate how to move ahead with a proposed tie-up with low-cost carrier Viva Air after the country's civil aviation authority objected to the deal on competition concerns. The airline said in a release the tie-up would allow it to help turn Viva around, thereby protecting passengers and jobs. According to Avianca, changes in market conditions, such as higher jet fuel costs, inflation and the strength of the dollar, have caused Viva's financial situation to

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