By Marcelo Rochabrun
By Marcelo Rochabrun
BRASILIA, Oct 28 (Reuters) – A proposed three way partnership between United Airways UAL.O, Colombia’s Avianca Holdings AVT_p.CN and Panama’s Copa Holdings CPA.N has been delayed as a result of potential inclusion of Brazil’s Azul SA AZUL.N as a fourth associate, in addition to issues at Avianca, the CEOs of two of the businesses stated.
The three airways had stated in November 2018 they might file for U.S. antitrust approval “within the close to time period” so as to coordinate routes between South America and america, a daring transfer to increase their market share within the area. On the time, the carriers stated they aimed to implement the agreements in 2020.
United stated final week it desires to incorporate Azul, wherein it already has a stake, within the deliberate tie-up with Copa and Avianca, the newest play by a U.S. service for a area anticipated to have vital air-travel development in coming many years.
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…