United Airlines has not leveraged collateral in Avianca Holdings that could see it take control of the Colombian carrier following loan-covenant violations by majority shareholder BRW Aviation, which put up its ownership stake to guarantee a loan from the Chicago-based carrier. “United has not taken any enforcement action based on BRW’s defaults and any conversations will be directly with [BRW],” United said. “We continue to move forward on our joint business ...

Subscribe to Access this Entire Article

"United takes no enforcement action in Avianca shareholder loan violation" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? Log in here.