Brazil’s Azul to Buy Part of Avianca’s Assets for US$105 Million

In mid-January, Avianca announced it was cancelling most of its international routes as of the end of the month.

By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – Brazilian airline Azul announced Monday it had made a proposal to buy part of Avianca Brasil's operations for US$105 million.

“The proposal will include assets selected by Azul such as Avianca Brasil air operator certificate, 70 pairs of slots and approximately 30 Airbus A320 aircraft,” stated the note released to investors on Monday morning.

With the purchase, Azul will increase the slots it holds in São Paulo's domestic Congonhas Aiport, one of the busiest in the country, from 13 to 34, say analysts.

According to Azul . . .

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