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Avianca dragging feet on partner deal

Wednesday, February 1, 2017

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