Avianca Brasil set for auction, again
A third attempt to auction bankrupt Avianca Brasil will go ahead July 10, barring yet another last-minute restraining order. Even if the July 10 slot auction occurs, the final outcome remains unclear. Gol, Latam, and Azul have each advanced up to US$35m to keep Avianca Brasil operating and can use that money as part of a bid, getting slots as a way of extracting their money. But if, as Azul claims, its larger competitors seek to keep it out of Congonhas, as long as the Avianca slots situation remains unresolved, that goal is accomplished. The smaller regional airlines might not control the resources to buy the slots at auction as an Avianca asset, but they could hope to win them in a redistribution by ANAC. If history serves as any guide, the appeals process could drag on. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-07-04/star/avianca-brasil-set-for-auction-again
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Avianca Brasil set for auction, again
A third attempt to auction bankrupt Avianca Brasil will go ahead July 10, barring yet another last-minute restraining order. Even if the July 10 slot auction occurs, the final outcome remains unclear. Gol, Latam, and Azul have each advanced up to US$35m to keep Avianca Brasil operating and can use that money as part of a bid, getting slots as a way of extracting their money. But if, as Azul claims, its larger competitors seek to keep it out of Congonhas, as long as the Avianca slots situation remains unresolved, that goal is accomplished. The smaller regional airlines might not control the resources to buy the slots at auction as an Avianca asset, but they could hope to win them in a redistribution by ANAC. If history serves as any guide, the appeals process could drag on. <br/>
