Avianca, Latin America’s second largest airline after LATAM, wants to improve its balance sheet. That’s evident from recent decisions to slow growth, slash capital spending, defer $1.4b worth of aircraft orders and put its E190 fleet up for sale. Now, according to The Wall Street Journal, it’s looking to raise $500m in new capital, perhaps leading to an outright sale of the company. And who might the interested parties be? None other than Delta and United, according to the Journal, not to mention the ubiquitous HNA Group from China.
