Brazilian airline Avianca Brasil plans to split into seven units that it will au...
SAO PAULO - Brazilian airline Avianca Brasil plans to split into seven units that it will auction off separately, with rivals LATAM Airlines and Gol Linhas Aereas Inteligentes both planning to bid for some of those parts in a bankruptcy auction.
Azul signed a preliminary agreement this month to pay at least $105 million for a selection of Avianca Brasil’s assets, a proposal that had been considered a coup by analysts who saw it as a way for Azul to challenge its bigger competitors: LATAM and Gol. Gol and LATAM are now offering at least $70 million each, and both said their bids had been requested by Avianca Brasil’s largest creditor, hedge fund Elliott Management.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Santander’s Latam double-down comes at a costThe bank run by Ana Botin wants to raise its return on equity to as much as 15 percent. That looks hard with the UK mired in Brexit, and Europe slowing. Allocating more capital to fast-growing countries like Brazil makes sense, but risks making the business more volatile.
Weiterlesen »
In an uncertain era, expressing certainty is a potent weaponIn the course of a single week, there has been all of this: 'I have been truthful and consistent on every level since day one,' actor Jussie Smollett told the world after prosecutors dropped...
Weiterlesen »
In an uncertain era, expressing certainty is a potent weapon
Weiterlesen »
Trump tees up a health care fight with an uncertain outcomePresident Donald Trump has been adamant about one point this week: 'The Republican Party will soon be known as the party of health care.'
Weiterlesen »
In an uncertain era, expressing certainty is a potent weaponTrump, Smollett and Avenatti deploy similar tactics against scandals
Weiterlesen »
Connecticut Bets on Businesses Luring More BusinessesWhile political backlash scuttled New York’s efforts to attract Amazon using tax incentives, Connecticut’s Gov. Ned Lamont is taking a different approach: tapping his state’s business community to help recruit other employers.
Weiterlesen »