Brazilian airline Azul is looking to pickup the assets from bankrupt Avianca Brazil. Azul has filed a petition with a bid for the acquisition of a new isolated productive unit (UPI) for a minimum bid price of US$145 million. The new UPI consists of certain slot pairs of Avianca Brazil, including flights for the shuttle service between São Paulo and Rio de Janeiro. In a statement, Azul said: “The company believes that the sale of this single new UPI will provide Avianca Brazil’s employees, customers, creditors, and other interested parties, a legal and legitimate alternative to maintain its business as

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In