Stocks in play: Prospect Ridge Resources Corp. - Yahoo Canada Finance | Florida Dispensaries

Stocks in play: Prospect Ridge Resources Corp. – Yahoo Canada Finance

Reuters

Colombian airlines Avianca, Viva appeal against merger denial

Colombian airlines Avianca and Viva have appealed to the aviation regulator after it denied their plan to merge, proposing steps to allay its concerns, such as yielding some routes to competitors, the companies said on Wednesday. In an April agreement to merge the airlines envisaged retaining their respective brands and business strategies as the travel sector struggled with the COVID-19 pandemic. Plans to address these concerns include reducing operations at El Dorado airport in the capital, Bogota, maintaining Viva’s brand and low-cost model, adding employees and maintaining the cost of flights on some routes, Avianca said in a statement published on Wednesday.

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