Thursday , May 6 2021

Blue airline analyzes the offer for the complicated Avianca Brasil

President of the Brazilian Airlines, David Neeleman, said that the company would analyze this possibility in the short term and that potential purchases would be made with the available cash resources.

The president and founder of the Brazilian airline, Azulin, David Neeleman, said the company analyzed the possibility of launching a bid for a competitor Avianca Brasil, who had resorted to bankruptcy last week.

The company "analyzes this possibility in the short term," the CEO told the Brazilian newspaper Valor Economico. He also stated that any purchase would have been made with the available cash resources.

Last Friday's Azul CEO John Rodgerson had announced that the airline was not negotiating a possible takeover bid for Avianca Brasil. However, he acknowledged that a possible agreement would be possible for the fourth largest airline in Brazil.

Vice-President of Avianca Holdings, Gerardo Grajales, announced at the beginning of December that Brazilian airlines Azul (with 8% in the United States) and Avianca Brasil are targets for expanding the Alliance of Continental Continental Holdings Inc, Colombian Avianca and Panama Copan in the US and Latin American routes.

Avianca Holdings in Colombia, which controls Ecuador, El Salvador and Peru and Avianca Brasilia, is not part of the same group but shares its main shareholder, businessman Germán Efromovich and, furthermore, merger.

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