Avianca to merge with low-cost carrier

Avianca to merge with low-cost carrier

M&A Equity Corporate & Sovereign Strategy Coronavirus Colombia

Colombian airline Avianca has agreed to merge with local budget carrier Via Air in an effort to reduce costs, offer more competitive pricing and bolster growth following bankruptcy. Avianca and Viva will combine to create a new holding company, and Declan Ryan, founding partner of the low-cost airline, will sit on the board, the companies said in a joint press release on Friday. Viva will manage its operations in Colombia and Peru separately from Avianca, and the two airlines will continue to co

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