Avianca-Taca launches IPO; Delta seeks USD2.6bn in loans
Funds raised in the IPO is expected to give Avianca-Taca more ammunition as competition among carriers in Colombia heats up. LAN Airlines recently entered the domestic market in Colombia through the purchase of Aires, the third-largest carrier in Colombia by shares
Meanwhile, Delta Air Lines plans to seek USD2.6 billion in loans to refinance debt, according to Bloomberg. JP Morgan Chase, the bank arranging the financing, will reportedly host a lender call on 31-Mar-2011 in New York.
Selected AAD daily share price movements (% change): 30-Mar-2011