United Airlines eyes deals on Latin American joint ventures
Seeking Alpha
Published Aug 21, 2018 07:15PM ET
United Airlines eyes deals on Latin American joint ventures
- United Airlines (NYSE:UAL) is considering joint ventures with three Latin American carriers in the near future but a deal would not prevent the effects of the “ups and downs” of the region’s volatile market, says President Scott Kirby.
- JV agreements with Colombian airline Avianca Holdings (NYSE:AVH), Panama’s Copa Airlines (NYSE:CPA) and Brazil’s Azul Linhas Aéreas Brasileiras (NYSE:AZUL) would improve connectivity between the U.S. and Latin American aviation markets and create growth opportunities, Kirby says.
- Kirby also says UAL is looking to add lie-flat beds in business class in 2020 on some of its Boeing (NYSE:BA) 737 MAX 10 narrow-bodies that would fly domestic routes.
- Now read: Azul's June Traffic Report: Adding Fuel To Fire
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