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Search resuls for: "Adrian Neuhauser"


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The exterior of the Avianca administrative office is pictured, as officers from Colombia's attorney general's office conduct a raid inside, in Bogota, Colombia February 12, 2020. REUTERS/Luisa Gonzalez/File Photo Acquire Licensing RightsBOGOTA, Sept 7 (Reuters) - Colombia's flag-carrier airline Avianca will invest $473 million to grow its fleet by 16 aircraft as it looks to increase the number of routes on offer, Chief Executive Adrian Neuhauser said on Thursday. Avianca will lease 14 Airbus A320 NEO planes and two A320 CEO planes to push its daily flights on domestic routes up by almost 25%, from 600 to 750. Neuhaser during a press conference in Colombia's Bogota called the increase of almost 1 million weekly seats "unprecedented growth" in the airline's history. The 16 planes will join Avianca's fleet between October and the end of December, the executive said.
Persons: general's, Luisa Gonzalez, Adrian Neuhauser, Avianca, Neuhaser, Luis Jaime Acosta, Oliver Griffin, Mark Porter Organizations: REUTERS, Rights, Viva Air, Thomson Locations: Bogota, Colombia, Rights BOGOTA, Colombia's Bogota, Avianca's, Colombian
Colombia's Avianca backs down from Viva Air merger
  + stars: | 2023-05-13 | by ( ) www.reuters.com   time to read: +1 min
BOGOTA, May 13 (Reuters) - Colombia's flagship airline Avianca is backing down from a merger with Viva Air, blaming conditions set by the country's aviation regulator, the company announced Saturday. In a statement, Avianca said conditions set by the regulator "would not allow Viva to be a financially and operationally viable airline," and also put Avianca's stability at risk. Colombia's aviation regultaor did not immediately respond to a request for comment. Colombia's aviation regulator approved the merger in late April after repeated delays, with the civil aviation authority objecting to the deal last November, before annulling and reopening the process in January after citing procedural irregularities. Amid the limbo, Viva Air abruptly suspended operations in late February, leaving passengers stranded in airports across the country.
Avianca and Viva announced on Wednesday they had appealed to Colombia's aviation regulator after it rejected their plan to merge, proposing steps to allay its concerns, such as yielding some routes to competitors. Colombia's aviation regulator objected to the merger, saying it poses risks to competition and the welfare of consumers. As a result, ticket prices would rise and routes to some cities only served by Viva would be lost. The aviation regulator has two months to resolve the appeal, although Neuhauser is confident a decision can be reached sooner. Viva faces a complex financial situation after the pandemic slowed travel, worsened this year by rising fuel prices and a weaker peso currency.
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