In words declared by German Efromovich for Reuters, Avianca Brazil should join soon with his Colombian sister, known as Avianca Colombia or International Avianca. "The company, its directors and controlling shareholders are aware that the merger of Avianca Colombia and Avianca Brazil has to take place and must take place as soon as possible," explained Efromovich.
According to him the merger should take place as soon as possible, at the latest by the end of the year, but a committee is reviewing the whole process and making the necessary negotiations with the other shareholders of Avianca Colombia. Recently the International Avianca made the purchase of Macair, an airline Argentina in a strategy to increase its share in most Latin American markets.
German also spoke about fleet renewal and return of aircraft, he said the forecast is that the renewal of the entire holding (including Colombia) began in 2017 with completion in 2024. But with the current recession scenario in Latin America, only you can perform around 2019/2020. Avianca will continue its conservative strategy, with almost no increase in the seating capacity for the coming years. The final definition of this will be presented in April.