Azul Makes Offer for Avianca Brasil Slots, Airbus Leases | Aviation International News

Azul Makes Offer for Avianca Brasil Slots, Airbus Leases

A deal between Brazil’s third- and fourth-largest carriers would triple the number of slots Azul would control at São Paulo Congonhas Airport.

By Richard Pedicini • Contributor - South America

March 11, 2019

Brazilian airline Azul has reached a $105 million non-binding agreement to take over selected slots, about 30 Airbus A320 leases, and the operating certificate of embattled carrier Avianca Brasil, the airlines announced Monday. The offer still depends on due diligence and regulatory and antitrust approvals, as well as approval by creditors, and might take up to three months to complete. Avianca Brasil operates as a separate entity from Colombian carrier Avianca, and ownership shelved the exploration of a merger of the two last month.

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