Blue signs agreement to usd105 mi to acquire assets of Avianca Brazil

The Blue Air company reported on Monday, 11, who signed a nonbinding proposal in the amount of $ $105 million (approximately $404 million R) for the acquisition of certain assets of Avianca Brazil through a production unit (UPI). The agreement is non-binding, as the blue in fact, and it is expected that the process of acquisition of UPI lasts up to three months. According to the document released to the market, the UPI will include assets selected by blue as the air operators certificate of Avianca Brazil, 70 pairs of slots and approximately 30 Airbus A320. "We stress that the agreement is not binding and that the process of acquisition of UPI is subject to a number of conditions such as the completion of a due diligence process, the approval of regulators and creditors, as well as the completion of the Judicial process. It is expected that this process will last up to three months, "said blue.