United And Delta Possible Avianca Suitors

Avianca offers multiple daily flights to and from the San Jose, Costa Rica airport to more than 100 destinations in 26 countries
QCOSTARICA – United and Delta are evaluating the possible purchase of Avianca, as the Latin American airline explores strategic options for a full or partial sale.
According to Bloomberg, Avianca, Colombia’s largest airline, said in May it would cut aircraft deliveries from Airbus by US$1.4 billion during the next 30 months as part of an effort to reduce indebtedness.
The Wall Street Journal says advisers to Avianca have distributed a document to potential bidders seeking a US$500 million capital injection. The process is in early stages and there may be no deal at all.
Avianca (acronym in Spanish for “Aerovías del Continente Americano S.A.”) has been the

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