Airlines
Bids for Avianca Brasil Contingent on Slot Awards
Latam, Gol are paying $70 million each for the bulk of bankrupt airline Avianca Brasil's assets.

No one bid for the loyalty program of Avianca Brasil during Wednesday’s auction for seven pieces of the bankrupt airline’s assets, and Latam and Gol made their bids—totaling $147.3 million for its routes—contingent on the inclusion of Avianca’s slots. As civil aviation agency ANAC has said previously, it will redistribute those slots in line with regulations, a position that so far has been backed by the courts.


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