Azul signs nonbinding deal to buy Avianca Brazil assets

Brazil's Azul has signed a deal to purchase key assets of financially troubled Avianca Brazil, including 30 Airbus A320-family aircraft, for up to $105 million. Azul has also agreed to take over Avianca Brazil's air operator's certificate and 70 pairs of airport slots. "The offer is nonbinding and remains subject to a number of conditions precedent, including due diligence, regulatory and creditors' approvals, and the conclusion of Avianca Brazil's judicial… (www.flightglobal.com) Más...