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Latin American carriers pick at Avianca Brasil

Apr. 03, 2019 9:41 AM ETAZUL, LTMAY, GOLLQBy: Clark Schultz, SA News Editor1 Comment
  • Gol Linhas (GOL +1.3%discloses that it will offer at least $70M for assets of Avianca Brasil and Oceanair Linhas in a deal with Elliott.
  • Separately, LATAM Airlines (LTM +1.7%) is participating in a restructuring proposal for Avianca and Oceanair Linhas.
  • The restructuring deal also has implications in the market for Azul (AZUL -0.7%).

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