Since mid-2022, Viva Air has been waiting for the Colombian government to approve the process to buy the airline, as part of a bid involving Avianca and JetSmart (Photo: Viva Air)

After several requests for help from the Civil Aeronautics (Aerocivil) from live airon Friday, February 10, the Colombian low-cost airline confirmed that it was taking advantage of the Disaster Recovery Process (DRP)in accordance with the regulations that protect companies affected by the covid-19 crisis.

(Photo: Viva Air)

The Chilean airline goes through Avianca to acquire 100% of Viva Air

A transaction between JetSmart and the Colombian airline will keep the ultra-low-cost model in Colombia

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The reason the company made the decision was to ensure its permanence in the market, while Aerocivil resolves the offer between Avianca and JetSmart, who are currently vying for the possibility of having 100% of their shares.

Because they are awaiting approval of either of the two negotiations by Aerocivil, the company explained that they have not been able to access their capital for the past nine months, which forces them to take advantage of insolvency law. .

File image of one of the planes of Viva Air, the Colombian low-cost airline seeking to integrate with Avianca. Viva Air

Viva Air confirmed that it was studying the Jetsmart offer, Avianca assured that the proposal was unworkable

Avianca, for its part, assured that the offer is a “distraction” from the demand for integration it is currently carrying out with Viva.

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Development…

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