Avianca Brasil loses slots in Sao Paulo’s home airport

FILE PHOTO: A buyer walks previous Avianca airline check-in machines at Congonhas airport in Sao Paulo, Brazil, April 12, 2019. REUTERS/Nacho Doce/File Picture

SAO PAULO (Reuters) – Brazil’s civil aviation regulator will take again grounded airline Avianca Brasil’s slots in Sao Paulo’s coveted home airport as a part of a plan to redistribute them later, based on a choice revealed within the authorities’s official gazette on Monday.

Avianca Brasil filed for chapter in December and noticed its operations progressively diminish till they have been suspended in late Might.

The airline was Brazil’s No. four provider and had deliberate to public sale its airport rights, often known as slots, on July 10, in hopes of elevating no less than $140 million. However with out the Sao Paulo slots, which signify essentially the most profitable portion of all of the airline’s slots, it’s unclear whether or not the public sale will nonetheless happen.

A consultant for Avianca Brasil didn’t have rapid remark.

Brazil’s prime three airways, Gol Linhas Aereas Inteligentes, LATAM Airways Group and Azul SA, had all expressed curiosity within the slots, and spent thousands and thousands in efforts to safe them.

Reporting by Marcelo Rochabrun; Enhancing by Susan Thomas

Author: Maxwell C.

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