Bogota-based Avianca says it has suspended plans to merge with sister carrier Avianca Brazil, two months after the Sao Paulo-based carrier filed for bankruptcy protection. Avianca says the due diligence process to study a merger of the two airlines has been “suspended for a substantial amount of time and will remain postponed indefinitely”. Avianca’s majority […]
source http://www.ncairways.co/aviation/avianca-suspends-merger-plans-with-avianca-brazil/
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