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Last week United Airlines (NASDAQ: UAL) moved to remove longtime chairman and controlling shareholder Germán Efromovich from Avianca’s  (NYSE: AVH) (BVC: PFAVH), board of directors. Adding insult to injury, United installed Roberto Kriete as the board’s new chairman. All this...

Avianca head Hernán Rincón says the airline "will continue negotiations with United" to reach an alliance that he believes is in the best interest of the company and shareholders.

During peak summer season, from June 8 to August 14, United Airlines will make two flights per day between Newark and Bogotá.

Avianca's filing calls Roberto Kriete of Kingsland a “disloyal director who has worked actively to undermine the company’s strategic goals.”

“The United transaction diverts the vast majority of the consideration United is paying for a partnership with Avianca...to Efromovich’s financially shaky affiliates," alleges the Kingsland lawsuit.

Details of an alliance between Avianca and United Airlines "are yet to be negotiated," but the Star Alliance carriers are working to formalize a long-term deal.

Offers are due by November 9, and a majority share may reportedly be on the table.

"The sale process has started" for a one-fifth holding in the Brazilian airline.