August 17, 2017
Avianca Holdings and its Brazilian affiliate Ocean Air Linhas Aereas are due to wrap up terms over an alliance before the end of this year, LatinFinance understands.
One source close to the process also said the Colombian airline expected to approach its board for approval over a strategic alliance in January next year.
The airlines are currently undergoing due diligence processes with two banks and a law firm, but the source could not disclose their identities. The pair are also working wit
Colombian airline and its Brazilian affiliate expect to wrap up terms by the end of this year and seek board approval in January 2018