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Aerocivil has hinted at some flexibility on slots, but Avianca must announce Viva's fate this week.

The competitors are primarily concerned about a concentration of slots in Avianca's hands in Bogotá.

Finance Colombia has reached out to Ultra Air multiple times for comment but has received no response.

After demanding government approval of the deal, Avianca suddenly claims it has to "wait and see." Did Avianca want to kill Viva all along?

The decision provides a remedy for passengers and travel agents, but will Viva ever fly again?

Bloomberg is reporting an Aerocivil approval based on leaked information, but both airlines say they know nothing.

The merger of Jetsmart and Ultra could fill the void in the Colombian market left by Viva's collapse.

Government inspectors took evidence from Viva & Avianca offices, while Avianca's CEO & General Counsel left the country.

Viva last night suspended aviation operations, saying that the low cost carrier has run out of resources and options while waiting on a decision by Colombian government regulators.

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