DEFUNCT AIRLINE - Colombia's Viva suspends flight operations

Grupo Viva suspended all flight operations on February 27, 2023, blaming the civil aviation authority (Aerocivil) and its slow processing of the review of its proposed takeover by Avianca Group.

"While operations are suspended, Viva will continue negotiations with creditors under the procedures of Decree 560 [COVID-related business recovery process], and will strive to preserve its ability to restart operations at a future date, assuming Aerocivil immediately approves the pending alliance [with Avianca]," the low-cost carrier said in a statement.

 Paul Bannwarth - TLS