Deals
Airline Giants Craving Latin America Foothold Eye Avianca Deal
- Delta, United said to have bid for stake in Colombian carrier
- Route network stretches to Peru, Ecuador and Costa Rica
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Some of the world’s biggest airlines, looking for a larger foothold in Latin America, may have found a path through Colombia.
Avianca Holdings SA, based in Bogota, has been hunting for an international partner to help shore up its balance sheet and support growth. The publicly traded carrier is controlled by brothers German and Jose Efromovich, who also own a separate airline called Avianca Brasil through a closely held holding company.