Viva Air responds to Latam and JetSmart: “No more distractions for the really important conversation”

The airline industry in Colombia count the hours to find out who will finally acquire the low cost, Viva Air.

There are three companies that have shown interest and have even published their purchase interest: Avianca -with whom Viva has an agreement-, JetSmart and Latam Airlines.

Despite this, Viva Air seeks to achieve its permanence in the market. Faced with it, CastleSouth Limitedholder of the firm’s voting rights, responded on Thursday that “the interest shown in Viva, by other competing airlines, It should not be a distraction to the government approval process or to public opinion.”

And it is that, if he started any negotiation with Latam, JetSmart or any other third party “it would take a considerable time without there being even certainty that a transaction can be agreed”. In fact, any other road would be subject to an additional waiting period to obtain the corresponding regulatory authorizations, “Time that Viva does not have to stabilize in the market.”

It should be noted that the low cost airline with a presence in Peru is going through a difficult time after the pandemic and the price of fuel that increased due to the war between Russia and Ukraine.

At the beginning of February the Colombian low-cost airline Viva Air began a Business Recovery Process (PRE) for 90 days to renegotiate debts with its creditors and achieve its permanence in the market, while awaiting a definition from Civil Aeronautics on its alliance with Avianca, the company reported. .

With information from Diario Financiero.