Avianca’s Merger with Viva Air

Brigard Urrutia and White & Case advised Kingsland Holding Limited on the deal.
Garrigues and Watson Farley & Williams advised Viva Air Investments and Pangea Three Acquisition Holdings I

The majority shareholders of Viva and Avianca signed a merger agreement between the two companies.

Viva will become part of the same holding company as Avianca Group International Limited (Avianca Group). Declan Ryan, founding partner of Viva, will join the board of directors of Avianca Group, bringing his decades of aviation experience.

Any transfer of control rights over Viva’s operations in Colombia and Peru by the new holding company will be subject to requesting and obtaining all necessary regulatory authorizations.

Until the receipt of necessary authorizations, control and administration of Viva in Colombia and Peru will be independent of Avianca; Viva will continue to compete with the other airlines within the Avianca Group. Until the authorizations are obtained, customers, suppliers, employees, and relationships for the companies will remain the same; with separate internal and external operations, as well as independent sales channels and customer service teams.

In Colombia, Brigard Urrutia advised Kingsland Holdings Limited with a team including Sergio Michelsen Jaramillo (Picture), Alejandro García de Brigard, Fernando Castillo V., Nicolás Cardona, Paola Ordóñez, Pamela Ayala, Gonzalo Orrego and María Paz Canal.

White & Case advised Kingsland Holdings Limited globally.

In Colombia, Garrigues advised Viva Air Investments and Pangea Three Acquisition Holdings I with a team including Ignacio Londoño, José Miguel de la Calle Restrepo, Anamaría Rico Polo and Laura Galeano Daza.

*Watson Farley & Williams advised Viva Air Investments and Pangea Three Acquisition Holdings I globally.

Involved fees earner: Pamela Ayala Ramírez – Brigard Urrutia; María Paz Canal – Brigard Urrutia; Nicolás Cardona Baquero – Brigard Urrutia; Fernando Castillo Mayorga – Brigard Urrutia; Alejandro García de Brigard – Brigard Urrutia; Sergio Michelsen Jaramillo – Brigard Urrutia; Paola Ordóñez – Brigard Urrutia; Gonzalo Orrego Vélez – Brigard Urrutia; José Miguel de la Calle Restrepo – Garrigues; Laura Galeano Daza – Garrigues; Ignacio Londoño Rivera – Garrigues; Anamaría Rico Polo – Garrigues;

Law Firms: Brigard Urrutia; Garrigues;

Clients: Kingsland Holdings Ltd; Pangea Three Acquisition Holdings I; Viva Air Investments ;

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Author: Ambrogio Visconti