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February 16, 2023
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Latam Airlines interested in buying Viva Air

Latam Airlines interested in buying Viva Air

Latam Airlines announced its interest in buying the low-cost airline which would be close to disappearing from the market.

“An eventual acquisition of Viva Air Colombia becomes a growth opportunity, offering consumers the best value offer in the local market in terms of service, and the country new alternatives to strengthen its connectivity and the development of tourism” , highlighted the largest air transport group in Latin America.

The Colombian subsidiary of the Latam group assured that it is prepared and has the capacity to strengthen its operations in Colombia.

“This potential operation would be the best option to strengthen the conditions of free competition, as well as offer the necessary support that will allow responding to the financial situation of Viva Air Colombia and its creditors, which will result in the strengthening of the Colombian airline industry,” added.

Another interested party in the acquisition of the brand is Avianca, which in April 2022 signed an agreement with Viva for its integration, but which was objected to by Civil Aeronautics. A third that the company wants to acquire is JetSmart.

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