SAO PAULO (Reuters) – U.S. hedge fund Elliott Administration is opposing a brand new plan by Brazilian airline Azul SA to buy among the routes operated by financially troubled rival Avianca Brasil for $145 million, in accordance with a authorized doc seen by Reuters.

FILE PHOTO: An Airbus A318-100 airplane of Avianca Brazil flies over the Guanabara Bay because it prepares to land at Santos Dumont airport in Rio de Janeiro, Brazil, April 3, 2019. REUTERS/Sergio Moraes/File Photograph

Elliott, identified in Latin America for forcing Argentina into larger repayments on defaulted bonds, is Avianca Brasil’s largest creditor by a large margin, with claims totaling…



Source link