Azul raises bid for Avianca Brasil's Sao Paulo-Rio routes as strike nears

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Azul raises bid for Avianca Brasil's Sao Paulo-Rio routes as strike nears
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Brazilian airline Azul SA on Monday made a new attempt to purchase some of bankr...

SAO PAULO - Brazilian airline Azul SA on Monday made a new attempt to purchase some of bankrupt airline Avianca Brasil’s most coveted routes, offering $145 million and reversing a decision not to participate.

On Monday afternoon, Avianca Brasil’s pilots and aircraft crew said through their union that they would hold an indefinite general strike on Friday, citing recurring delays in payroll. The carrier’s fleet is down to fewer than 10 planes, which has already disrupted air travel in Brazil but also made it difficult for the carrier to raise much-needed cash.

The two airlines bid a combined $140 million last month, with each contributing $70 million. Azul’s new proposal is now $5 million higher than what Gol and Latam offered.Azul had been noncommittal recently on whether it would still participate.

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