CAPA: Avianca and LATAM Airlines Colombia restructuring creates market opportunities for Ultra Air

CAPA - Centre for Aviation, in a report entitled: 'Ultra Air ready to bring new ULCC competition to Colombia', stated (04-Oct-2021) restructuring measures implemented by Avianca and LATAM Airlines Colombia as part of Chapter 11 bankruptcy processes should create market opportunities for the start-up ULCC. The report also explores the potential for more partnerships between ULCCs and FSCs in the region, quoting comments by Ultra Air CEO William Shaw indicating a willingness to forge codeshares and connectivity with other airlines. [more - CAPA Analysis]