The completion took place on May 31, 2019 and is an improvement of the share purchase agreement signed on April 22 between the parties, reported Avianca in a statement.

See "Avianca Sells Shares in Sansa and La Costeña" and " The Region Loses Air Connectivity”

From the Avianca statement:

Bogotá, San José and Managua, June 04, 2019.  In accordance with the corporate transformation plan announced by the company, Avianca Holdings S.A., through its subordinates Grupo Taca Holdings Limited and Nicaragüense de Aviación S.A., closed the sale of its shareholding in (i) Turboprop Leasing Company Ltd., owner of the Costa Rican airline Servicios Aéreos Nacionales S.A. (SANSA), and in (ii) the Nicaraguan airline Aerotaxis La Costeña S.A. (La Costeña).  These airlines operate domestic flights in Costa Rica and Nicaragua respectively.

The buyer is Regional Airlines Holding LLC, established in Delaware, United States. The transaction was closed on May 31, 2019 and is an improvement of the share purchase agreement signed on April 22 between the parties.

Read full statement (In Spanish).

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