United & Delta Bidding for Avianca Sale or Stake – WSJ

by Adam

United and Delta are among the possible bidders for Latin America’s Avianca Holdings SA, the Wall Street Journal reported yesterday. The US airlines are said to be weighing options including a full or partial sale. Avianca is working with advisers to raise $500M and could be open to a complete sale of the airline.

Avianca, one of the largest airline companies in Latin America, is based in Panama and owns carriers including its Colombian namesake and Tampa Cargo SA in that country, and AeroGal in Ecuador. In 2010, Avianca merged with Grupo Taca, which had airlines in El Salvador, Costa Rica, Peru, Nicaragua and Honduras.

The airline serves more than 100 destinations in 28 countries, with 180 airplanes operating 5,607 weekly departures. The carrier of course also operates the very popular LifeMiles loyalty program (which a sale to UA or DL would probably mark the end of in the future…so let’s hope for a stake instead).

Screen Shot 2016-06-03 at 8.36.55 AM

The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

Related Articles

3 comments

Delta, United, & Copa Among Final Bidders for Avianca Controlling Stake - Point Me to the Plane November 2, 2016 - 12:08 pm

[…] in early June we reported that Delta and United were among the contenders bidding for a controlling stake in Colombian […]

Reply
Avianca Considering $500M Bid from United & $1.9B from Delta this Tuesday - Point Me to the Plane December 11, 2016 - 3:37 pm

[…] in early June we reported that Delta and United were among the top contenders bidding for a controlling stake in Colombian […]

Reply
Avianca Airlines' Shareholder Files Injunction to Stop United Deal - Point Me to the Plane March 15, 2017 - 4:07 pm

[…] as to whether Avianca would strike deals with Copa, Delta, or United. Back in early June we reported that Delta and United were among the top contenders bidding for a controlling stake in Colombian […]

Reply

Leave a Comment