Avianca cancels Viva merger

Avianca has withdrawn from its planned merger with Viva due to “technical shortcomings” in the terms laid out for the deal to go ahead by Aerocivil, the Colombian regulator. “After studying Aerocivil’s resolution 873 of 2023 in detail, and noting that Aerocivil’s conditions make Viva’s recovery impossible and could even affect Avianca’s stability, the company was unfortunately forced to desist from the integration,” Avianca announced in a May 13 statement, in which it accused “other airlines” of playing a “detrimental role” in the outcome. Avianca management said they saw “little regulatory flexibility to provide certainty about the conditions for reactivation