Colombia approves Avianca-Viva merger

Colombia approves Avianca-Viva merger

M&A Andean Latin America South America Colombia

Colombia's civil aviation authority gave the green light to Avianca's tie-up with struggling budget carrier Viva Air subject to a series of conditions to protect competition in the domestic market. Aerocivil said the two airlines could merge if they give up slots at the country's main airport in Bogotá to allow greater access for other operators and reduce the frequency of flights between the Colombian capital and Buenos Aires.  Additionally, the regulator said Viva must maintain its low-cost mo

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