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The best things in life are worth waiting for and the return of seaplanes to Colombia is no exception.

With Avianca rejecting Aerocivil's conditions, Viva will almost certainly face liquidation.

The Colombian air force has already launched a search & rescue operation in the remote jungle region.

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.

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

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.