Avianca is concerned about the recent negative decision made by the Civil Aeronautics regarding the joint application of Avianca and Viva to be part of the same business group.
This request, which seeks to protect passengers and jobs and boost connectivity in the country, would have allowed Avianca to support Viva to turn around the financial situation1 of the low-cost airline.
Adrian Neuhauser, President and CEO of Avianca stated: «We are concerned about the direction of the decision, as it goes against the needs of the country and ignores the potential effect that the disappearance of Viva would have on users and the market. At Avianca, we reiterate our willingness to actively participate in rescuing Viva, seeking to maintain connectivity for travelers, strengthen tourism and preserve formal employment.»
In view of this scenario, Avianca will make a detailed analysis of the Aerocivil’s decision and will evaluate all available legal alternatives to seek the necessary approvals.
It is essential to clarify that this process is independent of the Abra Group, a project in which Avianca and GOL shareholders continue to move forward.
[1] Avianca was informed by Viva’s creditors – the lessees of the aircraft – about delays in the payment of their financial commitments.
