Avianca dragging feet on partner deal

With signs Colombia’s biggest airline may be no closer to striking a deal with a strategic partner eight months after announcing its search, shareholders are making their displeasure clear.

Avianca Holdings has dropped 20 percent since mid-December, when investors were expecting a deal to be announced as the carrier was said to be studying options including the sale of a controlling stake amid talks with Delta Air Lines, United Continental  and Copa Airlines.

Source: Bloomberg