May 13, 2019 / 12:29 PM / 2 months ago

Azul makes new proposal for purchase of some Avianca Brasil assets

SAO PAULO, May 13 (Reuters) - Brazilian airline Azul SA on Monday said it had submitted a new proposal for acquisition of some of the assets of struggling carrier Avianca Brasil for $145 million, reversing a previous decision not to participate.

Azul’s proposal would separate Avianca Brasil’s assets in a different way from the one proposed by Gol Linhas Aereas Inteligentes SA and Latam Airlines Group. (Reporting by Carolina Mandl Editing by Paul Simao)

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