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Clarke has over 20 years in aviation leadership, including roles as CCO at Air France-KLM and executives roles at Qantas, Air Canada, and Bluepoint Aviation.

The A350 purchase points to plans for more transatlantic and intercontinental flights by the constituent airlines.

Avianca says it is willing to resurrect Viva, but wants better terms than the government has offered.

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

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

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.

Avianca says that it was informed by Viva's aircraft lessors about delays in the payment of their financial commitments.

The merger has yet to be approved by regulators and is opposed by some competing airline operators.

The proposed new holding company will be domiciled in the UK but still needs regulatory approval from several governments.