Delta, United Continental, and Copa Will Reportedly Bid on Avianca — Potentially for a Controlling Stake
Avianca | November 01, 2016
Avianca Holdings SA has been in search of a strategic partner, and a new report says that Delta Air Lines Inc., United Continental Holdings Inc., and Copa Holdings SA are among those that will put in a bid this week. According to Bloomberg, the Bogotá-based airline is looking to bring in at least $500 million USD to shore up its books and may be willing to sell a controlling stake.