Avianca and Viva, a business that will shake up the Colombian air market.
Mauricio Duena. EFE and Archive
Avianca and Viva, a business that will shake up the Colombian air market.
According to the Ministry of Transport, companies must submit a new process.
Find the validation of The Lie Buster at the end of the news.
Less than five days before the expiration of the term to define the resources that the airlines Avianca and Viva appeared in their integration process, for it to be approved, Portfolio known in scoop that the Ministry of Transport and Civil Aeronautics reached a final decision, consisting of the annulment of the process.
«Here we are before an appeal of a decision denied that the integration, the change of administration came, Dr. París, the general secretary and the legal team arrived, and when studying the appeal they have found a procedural irregularity that is going to be corrected with a annulment, rolling back the decisions from the beginning and decisions will be made with guarantees of due process and of course quickly. We know the importance of a prompt decision, but also the effects of not taking it for the public treasury and for Aerocivil”, Transport Minister Guillermo Reyes told Portafolio.
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It is worth remembering that on November 8, the Civil Aeronautics Avianca’s request to join for various reasons, including that Viva did not show an imminent risk of its disappearance from the market and that its union would mean a majority position in the market, making free competition difficult.
After the decision Avianca appealed on November 23 the decision to object to the integration process. Now airlines must start a process again if they want to continue with their intention to be part of the same business group.
PAULA GALEANO BALAGUERA BRIEFCASE
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