Colombia's three largest airlines, Avianca, Sam and Aces are discussing a possible merger.
The new airline combining Avianca, Aces and Sam would combine assets for $700m and would have a market share of 50 percent of Colombia's international passengers. The three companies are planning to merge in order to improve its client services and be able to face the increasing competition by international airlines.
To read more
Subscribe to Latin Lawyer
Subscribe and start reading now
Latin Lawyer is your definitive source of news, analysis, and research from the Latin American legal community. It keeps you up to speed with the issues and trends that matter and provides the data and tools you need to operate successfully.