Colombia’s flag carrier said the conditions set by the regulator “would not allow Viva to be a financially and operationally viable airline.”
Aviancathe flag carrier of Colombiawithdrew from its merger with Viva Airciting conditions imposed by the country’s aviation regulator, the company announced on Saturday.
It’s a statement, Avianca said that the conditions established by the regulator “they would not allow Viva to be a financially and operationally viable airline” and even jeopardized the stability of Avianca. Among the reasons, Avianca said that the agreement gave little “regulatory flexibility” to resume operations Live. He also assured that the agreement obligated Avianca to assume routes, commitments and prices that do not coincide with the “current reality of Viva” after having suspended its operations for two months.
“Unfortunately the conditions of this resolution, which is already the decision in firm, make it impossible to rescue Viva“said in the statement the CEO of Avianca, Adrian Neuhauserwho added that the conditions also put at risk the connectivity of Colombia. The Colombian aviation regulator didn’t reply right away to a request for comments.
The merger was a breath of fresh air for the besieged Livewhich suffered financial difficulties after the coronavirus pandemic and saw his situation worsen due to the rising fuel prices in 2022 and at depreciation of the Colombian peso.
The Colombian aviation regulator approved the merger at the end of April after repeated delays. The civil aviation authority opposed the agreement last November, before annulling and reopening the process in January after citing irregularities procedural. In the middle of limbo Viva Air abruptly suspended operations at the end of February, leaving the stranded passengers at airports across the country.