Brazil Airline Azul Could Bid For Avianca Brasil's Assets After All

Brazilian airline Azul SA has registered to participate in a bankruptcy auction for the assets of struggling carrier Avianca Brasil scheduled for next week, potentially walking back a previous decision not to participate, Reuters reported. The airline confirmed through a representative that they had registered, although he said no decision had been made whether to actually place a bid. The bankruptcy auction is set for Tuesday. Avianca Brasil filed for bankruptcy in December and will auction some of its most coveted airport slots, which grant airlines the right to operate flights out of crowded airports. Brazilian newspaper Valor Economico first reported Azul’s registration earlier on Thursday. Read more