Avianca looking into second lawsuit against Kingsland

Avianca says its shareholders have approved the airline to launch an investigation into the airline’s minority shareholder Roberto Kriete for a potential conflict of interest, opening the door for a second lawsuit by the carrier against Kriete. The move, adopted during a March 31 shareholders meeting, is the latest development in an ongoing legal dispute between Kriete and Avianca majority shareholder Synergy. Synergy introduced the measure in the meeting, says the airline. Kriete's Kingsland Holdings filed a lawsuit against Synergy, Avianca and United Airlines in late February, seeking to stop partnership talks between the two airlines. Kingsland owns a 14.5% stake in Avianca, and says Synergy chose United as a partner for Avianca because the deal would personally benefit Synergy’s owner German Efromovich. <br/>