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AVH - Avianca Holdings SA News Story

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Last Trade - 08/05/20

Sector
Industrials
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £2.53bn
Position in Universe th / 6858

Colombia's Avianca says halts due diligence for Avianca Brasil merger

Fri 22nd February, 2019 12:44pm
SAO PAULO, Feb 22 (Reuters) - Colombia's Avianca Holdings SA
 AVT_p.CN  said on Friday that it has suspended due diligence
for a long-planned merger with Avianca Brasil, which operates
independently and is going through bankruptcy protection
proceedings.
    Avianca also said it would sell its fleet of Embraer
 EMBR3.SA  planes as it seeks to curtail growth in the future.
The airline reported net income of $19.3 million for the last
quarter of 2018 on Friday. 

 (Reporting by Marcelo Rochabrun; Editing by Christian Plumb)
 ((marcelo.rochabrun@thomsonreuters.com; +55 11 5644 7768;))
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