Columbia ’s Avianca Holdings management overhaul launched by United Airlines
With major shareholder Germán Efromovich’s holding company BRW Aviation defaulting on a US$456 million loan provided by United Airlines, the American carrier has launched a management shake-up that will see the removal of Efromovich from cash-strapped airline Avianca Holdings (Avianca). United is now proposing a three-way joint business deal with Panama’s Copa and Avianca. As […]
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