![]() "Regretfully the conditions of this resolution, which is a firm decision, make the rescuing Viva impossible," Avianca CEO Adrian Neuhauser said in the statement, adding that the conditions also but Colombia's connectivity at risk.Ĭolombia's aviation regultaor did not immediately respond to a request for comment. It also said the deal required Avianca to assume routes, commitments and prices that "don't coincide with Viva's remaining capacity" after having suspended operations for two months. In a statement, Avianca said conditions set by the regulator "would not allow Viva to be a financially and operationally viable airline," and also put Avianca's stability at risk.Īmong the reasons, Avianca said the deal gave little "regulatory flexibility" to reactivate Viva's operations. BOGOTA, May 13 (Reuters) - Colombia's flagship airline Avianca is backing down from a merger with Viva Air, blaming conditions set by the country's aviation regulator, the company announced Saturday. ![]()
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