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Avianca Group abandons Viva merger due to CAA's terms

Avianca Group has abandoned its plan to acquire Grupo Viva due to the onerous conditions imposed by the Colombian civil aviation authority (Aerocivil).

"Unfortunately, the terms of this resolution, which is now a firm decision, have made it impossible to rescue Viva by making it not only unviable as an airline but also, if the integration were to take place under the conditions prescribed, it would jeopardise Avianca's stability and Colombia's connectivity," Chief Executive Adrian Neuhauser said.

The termination of the merger means that Grupo Viva - the parent of Viva (Colombia) (VH, Medellín José Maria Córdova) and Viva Air Perú (VV, Lima International) - will not be revived. The low-cost carrier has been dormant since February 28, 2023, when it suspended all flight operations under growing financial distress.

Avianca Group said Aerocivil's resolution contained "numerous technical shortcomings" in particular, it based its analysis on the situation from August 2022, when the airlines first applied for consent.

"The conditions require Avianca to assume obligations, routes, and service and...

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