BRAZIL'S AZUL HOPES TO TAKE OVER AVIANCA BRASIL'S PLANES AT LOWER LEASE RATES

BRAZILIAN AIRLINE AZUL SA HOPES TO TAKE OVER 30 OF STRUGGLING AVIANCA BRASIL

BRAZIL'S AZUL HOPES TO TAKE OVER AVIANCA BRASIL'S PLANES AT LOWER...

But any takeover of Avianca Brasil's assets would have to take place through a public auction supervised by a Brazil bankruptcy judge.
Rodgerson said the airline already had had discussions with some of Avianca Brasil's lessors, which include GECAS and Aircastle, to take over the planes at cheaper rates.
But he noted Azul would not be responsible for any outstanding payments missed by Avianca Brasil.

SAO PAULO (Reuters) - Brazilian airline Azul SA hopes to take over 30 of struggling Avianca Brasil’s aircraft at cheaper lease rates, take control of two-thirds of Avianca’s airport slots and rehire many of its workers,...

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