Avianca Surges With Copa on Venezuela’s Pledge to Pay
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Avianca Holdings SA and Copa Holdings SA rallied on speculation Venezuela will let airlines exchange their bolivars for dollars at the official rate.
Copa, Venezuela’s second-biggest carrier by capacity, rose 4.4 percent to $141.67 today in New York for the biggest gain in six weeks. American depositary receipts of Avianca, Colombia’s largest airline, jumped 3 percent to $17.24.