United Continental Airlines yesterday was the Knight in shinning Armour for investors in NYSE:AVH as the battle commences to keep their planes in the air. They company is crippled with debt has a very limited fleet of old planes after leasing companies took repossession after repayments were defaulted upon. UCA will now loan the company money and build its own position within the high growth area of South American market. Expectation are that the stock price could get some real fuel under it the weeks to come, keep it on your radar.
(Bloomberg) -- United Continental Holdings Inc. is seeking to oust Avianca Holdings SA’s chairman and largest shareholder, just six months after the two airlines agreed to form a joint venture. The Colombian carrier’s stock jumped the most in nearly three years.