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Old May 23, 2019, 9:57 am
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oblisk
 
Join Date: Aug 2010
Location: NYC / MIA / AMS
Programs: UA 1k
Posts: 500
Avianca's majority shareholder (used shares as collateral) breached UCH loan terms
Saw this Article on Bloomberg Today:
The self-made millionaire imperiled the airline’s future by last year offering up his 51.5% stake in Avianca as collateral on a loan from United Continental Holdings Inc. His holding company BRW Aviation quickly breached terms of the contract and, as a result, control of Avianca could pass to United’s hands.
https://www.bloomberg.com/news/artic...k-to-the-brink

Any thoughts on how things would change if United took over the controlling stake in Avianca? JV pricing? Turn it into Copa version 2?
Last edited by WineCountryUA; May 23, 2019 at 2:09 pm Reason: Moderator added context per FT rules
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