By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The new plan approved by Avianca Brasil's creditors on Friday has displeased Brazil's anti-trust agency, CADE. Depending on which competitors buy out Avianca's main airport slots, the operation may not be approved, says the anti-trust agency.

"CADE remains attentive to the issue and expects the agents involved to find the best possible solution to suit the private interests of Avianca's shareholders and its creditors and the public interests of Brazilian consumers," CADE said.

The approved plan includes the partition of the company's assets . . .

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