Avianca Brasil Shakes Off Recession Worries With $6 Billion Deal

  • Airline orders 62 Airbus A320neos to overhaul its fleet
  • Carrier’s move contrasts with Gol’s attempt to return planes

An Avianca airliner lands in the Santos Dumont airport in Rio de Janeiro, Brazil.

Photographer: VANDERLEI ALMEIDA/AFP/Getty Images

Avianca Brasil is pushing ahead with plans to overhaul its aircraft fleet as the closely held carrier shakes off worries over the deep Brazilian recession and looks ahead to projections of rapid growth in Latin American air travel.

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