Azul proposes fresh bid for Avianca Brazil assets
Azul has returned to the race for assets of bankrupt Avianca Brazil with a new offer, while the financially troubled carrier filed an appeal in court against the last-minute suspension of its bankruptcy auction last week. Azul has filed a petition for a minimum bid of $145 million on a new isolated productive unit, or […]
Azul signs nonbinding deal to buy Avianca Brazil assets
Brazil’s Azul has signed a deal to purchase key assets of financially troubled Avianca Brazil, including 30 Airbus A320-family aircraft, for up to $105 million. Azul has also agreed to take over Avianca Brazil’s air operator’s certificate and 70 pairs of airport slots. «The offer is nonbinding and remains subject to a number of conditions […]
