Viva air accepts the Insolvency Law to remain in the market – Companies – Economy
Viva Air announced the start of its business recovery process (Insolvency Law), in accordance with the regulations that protect companies affected by the Covid-19 crisis, with a view to achieve its permanence in the marketwaiting for the "urgent definition by Aerocivil about its alliance with Avianca".Viva makes this decision after last February 7 JetSmart expressed its intention to enter into negotiations to acquire 100 percent of the shares of Viva because it has "the resources, capacity and experience to negotiate and close an acquisition in an agile manner."(Also read: The pulse between Avianca and JetSmart to buy the airline Viva)…
