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Although Avianca's chairman, German Efromovich, said in an interview that Avianca Brasil would receive an investment from United Airlines, the US company has denied any investment. A Brazilian entrepreneur commented on this investment for the Yamid program of Channel 1 in Colombia. According to him, Avianca Brazil would receive this investment by the end of January 2019.
By e-mail, received from the press office of United, the US company said: "United Airlines does not negotiate with 39, investments in Avianca, Brazil. "
At the end of November, United Continental Holdings granted Synergy – which belongs to Germán Efromovich – a US $ 456 million loan. In order to secure United's loan, Efromovich pledged its shares in Avianca Holdings
Synergy, based in Panama, holds a 100% stake in Synergy Aerospace, which holds 51.5%. from Avianca Holdings. Avianca Brasil is owned by Spsyn Participações Ltda, owned by José Efromovich, brother of Germán Efromovich, with a 99.53% stake, and Aerovias Beta Corp. Avianca has no connection with Avianca Holdings.
In the interview, Efromovich said that after the conclusion of the agreement with United, he had begun to negotiate the second part of the fund's financing, which would go to Avianca Brazil. But some owners rushed and demanded the return of the aircraft, which prompted the company to apply for bankruptcy in order to ensure its operations during the lucrative summer period.
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