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Medellín, February 27, 2024. Today civil aeronautics issued communication recognizing the interests of several third parties on Viva's urgent order to allow its integration with a stronger and larger group of airlines. This decision, unprecedented by the entity, will result in new delays in making a decision, so alive is forced to announce, unfortunately, the suspension of its operations with an immediate effect.
While the operations are suspended, Viva will continue with the negotiations with the creditors under the procedures of Decree 560 -Pre-, and will work to preserve their ability to restart operations on a future date, assuming that civil aeronautics immediately approve the pending alliance .
After more than seven months of delays from the entity, Viva has presented numerous evidence to the Colombian government to demonstrate that it is in a critical financial situation, ensuring that the only way in which it can continue flying is that civil aeronautics allow it to This is part of a stronger and well -known group of airlines. On the other hand, his decision today calls for the future of low -cost air service in Colombia and endangers the jobs of more than 5,000 Colombians, who directly and indirectly depend on Viva.
As a team that worked with the best #titudeviva during these 10 years to ensure that our airline was leader of the low-cost model in the Colombian market, even after the devastating effects of COVID-19 in the industry, we want to state that “we do not leave A single stone to lift ”, in the search for the approval of the alliance with Avianca:
- Viva's application to civil aeronautics was submitted in August 2022. The entity initially rejected the transaction in November of the same year, which resulted in the loss of two aircraft of our fleet.
- In mid -January 2024, civil aeronautics annulled the entire process because, according to the entity itself, it did not follow the appropriate procedures when evaluating the transaction.
- Viva has had innumerable meetings with senior members of the national government to explain the critical financial situation of the airline.
- In a period of seven months, the Government received more than five financial updates to demonstrate that Viva described to treat its order under the figure of "company exception in crisis" that gave an account of the pressing urgency of a definition.
- It was presented to civil aeronautics, a series of conditioning that would preserve competition and air connectivity in remote areas; Including the elimination of up to 105 slots at the El Dorado airport in Bogotá, the survival of the Viva brand and its low -cost model, the shared code to allow the regional connectivity of satena passengers and maintain Viva's interline agreements.
- Viva's aircraft lessors met with the government to explain that they would not continue waiting for a decision, causing the loss of more aircraft of our fleet.
- Viva began then, the business recovery process (PRE) under Decree 560 to negotiate with its creditors and maintain its operations.
- For weeks, civil aeronautics has had everything necessary to issue a decision. They have had full legal capacity and authority to issue that decision without further delay.
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