After several weeks of uncertainty about the future of low-cost airline Viva Air, Civil Aeronautics reportedly made the decision this Tuesday to integrate the company with Avianca, one of the reasons why Viva has suspended operations since February 27, citing a “critical” financial situation and demands to become the low-cost subsidiary of a bigger and stronger airline group.
According to Bloomberg, Aerocivil approved the integration of the airlines, but conditionally and the official announcement was due in the next few hours.
Previously, the Aviation Authority had indicated that “in response to the request for pre-evaluation of an integration filed by Avianca, Viva Air Colombia and Viva Air Peru, Aerocivil’s Air Transport Directorate informs that, prior to any public ruling, the decision should be made by Stakeholders be notified.
It is worth noting that on March 8, Civil Aeronautics thanked the companies and other entities that joined forces to contribute to the transportation of the more than 43,000 travelers affected by the suspension of Viva Air operations.
However, he announced that these companies, which chose not to charge extra costs to travelers to contribute to the resolution of the crisis, must initiate a transition towards the suspension of this measure. Although, he clarified, the commitment to provide protection compensation to those affected will be upheld.
Source: El heraldo
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
