You are here

Delta, United and Copa offer to partner troubled Avianca airline

Hedge fund that holds Avianca stake as collateral, is helping to broker deal

BT_20161207_CPHEDGE7A_2632438.jpg
Despite its recent troubles, Avianca, second in Latin America only to the Chile-based Latam Airlines, is an attractive asset.

New York

TROUBLE was brewing this summer at Avianca Holdings, Latin America's second-biggest airline.

Tight on cash, the airline needed to raise money. For many on the board, one option was selling part of the company.

The company's largest investor - a swashbuckling,

sentifi.com

Market voices on:

Powered by GET.comGetCom