Editing JetSMART Airlines Hopes To Begin Talks To Buy Colombia apos;s Viva Air
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BOGOTA, Feb 7 (Reuters) - Indigo Partners-backed budget carrier JetSMART Airlines said on Tuesday that it wanted to buy Colombian low-cost carrier Viva Air, in a move that if successful would scupper Viva's plans to merge with Colombian flag carrier Avianca.<br> Chile-based JetSMART Airlines said in a statement that it planned to open talks to buy the Colombian airline but it did not disclose how much it might pay to acquire Viva, nor its funding plans.<br> JetSMART is part of private investor Indigo Partners' portfolio of budget airlines alongside U. | BOGOTA, Feb 7 (Reuters) - Indigo Partners-backed budget carrier JetSMART Airlines said on Tuesday that it wanted to buy Colombian low-cost carrier Viva Air, in a move that if successful would scupper Viva's plans to merge with Colombian flag carrier Avianca.<br> Chile-based JetSMART Airlines said in a statement that it planned to open talks to buy the Colombian airline but it did not disclose how much it might pay to acquire Viva, nor its funding plans.<br> JetSMART is part of private investor Indigo Partners' portfolio of budget airlines alongside U.S. If you cherished this article and you would like to get additional information relating to [https://evigetir.com/evdeneve/uluslararasi.html EVDeN EVe nAkliyAT] kindly go to the internet site. -based Frontier Airlines, Europe's Wizz Air and [https://evigetir.com/evdeneve/tips.html eVDEn eve NAkliyAt] Mexico's Volaris.<br> The Chilean carrier currently operates 79 routes across South America, including flights to Colombian capital Bogota as well as Medellin and Cali.<br> "We believe that a merger between JetSMART and Viva Air will allow us to maintain the ultra-low-cost model in Colombia, helping to continue offering more routes at lower prices," JetSMART Chief Executive Estuardo Ortiz said in the statement.<br> Colombia's civil aviation regulator initially rejected a proposed merger between Avianca and Viva in November on the grounds that it posed risks to competition in the sector and the welfare of consumers.<br> Avianca and Viva filed an appeal the same month, proposing alternatives such as yielding some routes and granting better landing and take-off schedules to competitors.<br> The regulator [https://batallador.es/foro/index.php?action=profile;u=763161 EVDeN eVE NAKLiyAT] in January annulled the merger, citing procedural irregularities, and began the process anew without either company having to reapply.<br> A possible merger between JetSMART and Viva would offer the best conditions for competition in the market, Ortiz said, adding the airlines do not have competing routes in Colombia.<br> Avianca and Viva did not respond immediately to requests for comment on JetSMART's proposed deal.<br> Viva faces a complex financial situation due to the effects of the COVID-19 pandemic, last [http://www.city-data.com/blog/4033-popular-new-years-resolutions-2/ year's rise] in fuel prices and [https://vanburg.com/mw19/index.php/Driver_Slammed_After_Cat_Carrier_Is_Spotted_Strapped_To_A_Car_apos;s_Roof evdEn EVe NaKliyAt] the devaluation of the Colombian peso.<br><br>(Reporting by Luis Jaime Acosta; Writing by Oliver Griffin; Editing by Jamie Freed)<br> | ||