Avianca Brasil opened for sale to interested airlinesStaff writer ▼ |
Airline HNA, Delta Air Lines and United may buy Avianca
South American airlines group Avianca's doors are open to any opportunities presented by interested partners to help it grow when economic conditions in its region improve.
"This is a very capital-intensive business. We are going to be open for opportunities," said Jose Efromovich, chief executive officer of Avianca Brasil, at an event in Zurich hosted by the Star Alliance grouping of international airlines.
Avianca Holdings SA and Avianca Brasil are controlled by his brother German Efromovich's Synergy Group.
Jose Efromovich said Avianca Colombia was not necessarily for sale but that the door was open to everyone for the two airlines, whether airline partners or others.
"It's not like somebody knocked on the door, it is the opposite. We opened up the door, we are waiting, there is no hurry," he told reporters.
"We always want to see which are the alternatives when we decide to go back and grow, when the region will allow us to go back into growing mode," he said. ■
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