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The battle for control of Viva goes far beyond Avianca, Jetsmart & Latam. Here are some of the key players

Avianca is offering concessions to regulators to keep its Viva acquisition alive.

A Viva acquisition by a strong competitor like Latam could be disastrous for Avianca.

The airline is not filing for bankruptcy but a form of non-judicial reorganization permitted under Colombian law during the COVID pandemic.

A Jetsmart-Viva tieup could pose a serious threat to the Abra Group strategy of consolidating the South American airline market.

The ruling doesn't approve or deny the proposed Viva Avianca merger, but orders it be reconsidered by the civil aviation authority.

A 12-seat Cessna Citation X with a US registration N156VP left the runway as it landed, arriving on a flight from Panamá.

The SIC also said it is investigating Avianca’s general counsel, Richard Galindo Sánchez individually.

Now that Viva and Avianca have presented an appeal, the Colombian government has 2 months to issue a ruling.

According to a preliminary investigation, Colombia's civil aviation authority says that the pilots and plane were up to date on qualifications and paperwork.