Delta, United, & Copa Among Final Bidders for Avianca Controlling Stake

Back in early June we reported that Delta and United were among the contenders bidding for a controlling stake in Colombian carrier Avianca. Well, Bloomberg today shares new details that both US carriers and potentially Copa are among the airlines still considering a deal.

The offers, due by Nov. 9, may include about $500 million in new capital for Bogota-based Avianca, plus a purchase of common stock from current shareholders, said the people, who asked not to be named because the talks are private. Avianca would consider offers for a controlling stake, the people said.

Avianca 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.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.