© Reuters. FILE PHOTO: An Avianca Airways airplane prepares to take off on the San Oscar Arnulfo Romero Worldwide Airport in San Luis Talpa, El Salvador, February 8, 2022. REUTERS/Jose Cabezas/File Picture
BOGOTA (Reuters) – Flag-carrier Avianca has agreed to merge with Viva, one other of Colombia’s most necessary business airways, whereas maintaining separate branding and techniques, the companies mentioned on Friday.
Unifying the businesses economically below one holding group, is aimed toward shoring the airways up amid a world business disaster because of the COVID-19 pandemic.
“Majority shareholders from each airways collectively announce that Viva will type a part of Avianca Group Worldwide Restricted (Avianca Group), whereas Viva founding member Declan Ryan will be part of the board of the brand new group, bringing all his experience in aviation,” the businesses mentioned in a joint assertion.
Avianca Group’s eventual management of Viva’s operations in Colombia and Peru will probably be topic to approvals from regulators in each nations.
As soon as joined, the airways will maintain their separate branding and enterprise methods.
Avianca accomplished a restructuring on the finish of 2021 which allowed it to emerge from Chapter 11 chapter. The airline has greater than 110 plane, with some 12,000 workers.
Viva, which constructed a status as a low-cost airline in Colombia and Peru, has 22 planes and a few 1,200 workers.
