Copa.

COPA, a Panamanian airline, made a bid to acquire bankrupt Colombian airliner Avianca for an undisclosed sum. The move follows a bid made by Brazilian conglomerate Grupo Sinergy, which offered US$64 million in cash for a 75% stake in Avianca plus the ailing carrier's debt.

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Title Annotation:	Colombia
Publication:	Latin Trade
Article Type:	Brief Article
Geographic Code:	2PANA
Date:	Jul 1, 2004
Words:	46
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Next Article:	Consar.(Mexico)(Brief Article)
Topics:	Airlines Planning Competitive bidding Letting of contracts

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