Avianca majority shareholder breaches United loan conditions
Avianca's majority shareholder Synergy has breached covenants of a 2018 loan from United Airlines that was secured by its shares in the Latin American airline, opening the door to the possibility of United taking control of Avianca even as the two Star Alliance airlines continue with joint venture talks.
Keep reading this article by becoming a FlightGlobal member now
PLEASE REGISTER FOR FREE OR SIGN IN TO CONTINUE READING
You have reached your limit of free articles for this period. Register for a FREE account to read this article and benefit from:
- Increased access to online news and in-depth articles from:
- FlightGlobal Premium covering the global aviation industry
- Airline Business providing insight for business leaders
- Weekly newsletters on topics across the industry
From making its debut as a magazine in 1985 through to its evolution into an online data and analysis tool, Airline Business has forged a reputation for providing high-quality, in-depth coverage of the airline sector’s strategic and economic drivers. Our trusted insight gives users a competitive edge in the global industry.