By Marcelo Rochabrun
By Marcelo Rochabrun
BRASILIA, Oct 28 (Reuters) – A proposed three way partnership between United Airways, Colombia’s Avianca Holdings and Panama’s Copa Holdings has been delayed because of the potential inclusion of a fourth accomplice, in addition to issues at Avianca, the CEOs of two of the businesses stated.
United Airways UAL.O stated final week it needs to incorporate Brazil’s Azul SA AZUL.N, wherein it already has a stake, within the deliberate tie-up with Copa CPA.N and Avianca AVT_p.CN, the most recent play by a U.S. service for a area anticipated to have important air-travel development in coming many years.
The three airways had stated in November 2018 they’d file for U.S. antitrust approval “within the close to time period” in an effort to coordinate routes between South America and the USA, a daring transfer to broaden their market share within the area. On the time, the carriers stated they aimed to implement the agreements in 2020.
However nearly a 12 months after United, Copa and Avianca introduced the preliminary three way partnership plan, they’ve but to file any paperwork with the U.S. Division of…