Countdown to AE Dubai; Avianca seeks airline investor

Eleanor Steed
By Eleanor Steed September 30, 2016 15:37

Countdown to AE Dubai; Avianca seeks airline investor

We are counting down the days until the start of Airline Economics Growth Frontiers in Dubai. We are proud to support Airlink as our charity partner during the upcoming Airline Economics event on Tuesday, 4 October, during our Gala Dinner in Dubai. As many of you know, Airlink is the aviation sector’s humanitarian initiative, connecting airlines with disaster response and humanitarian relief around the world.

In support of Airlink, we will hold a raffle during the event for the following prizes:

  • Two economy class tickets to a Ho Chi Minh City or Bangkok, courtesy of Etihad Airways.
  • Two tickets to the Rugby Sevens Tournament and access to the Airbus Hospitality Suite, courtesy of Airbus.

Enter online now for a chance to win; tickets are £5 each.

Prize winners will be selected at the Gala Dinner on Tuesday, 4 October.

Meanwhile. Avianca has confirmed it is seeking a strategic partner but described rumours that it is considering a sale as “speculation”. The airline has also refused to comment on a report in the Financial Times that it is being forced into such action by Elliott Management, the airline’s majority shareholder, which loaned money to controlling shareholder, Germán Efromovich, secured against the value of his 51% stake in Avianca and are linked to its share price.

The report suggests that Delta, United and Copa Airlines are considering bids for the airline, which have not been confirmed by any of the airlines. Delta already owns part of GOL and United has an interest in Azul. Despite its recent fall in traffic, the Latin American market retains significant growth potential for airlines.

Eleanor Steed
By Eleanor Steed September 30, 2016 15:37