Avianca and Viva shareholders join economic ownership in a new holding company
Source: Avianca This transaction will strengthen a sector after a historic crisis and will give better opportunities to more than 13,000 employees who are part of both airlines To comply with regulations of Colombia and other countries, control of the airlines will remain completely independent; customers of each company will continue to enjoy competitive prices to connect directly to more than 94 destinations Any future combination of the two airlines will be subject to obtaining all the required regulatory authorizations. The majority shareholders of Viva and Avianca jointly announced that Viva will become part of the same holding company as Avianca Group International Limited (Avianca Group) and that Declan Ryan, founding partner of Viva, will join the board of directors [...]