Reports are suggesting that Colombia's Avianca Airlines is looking to gain a codeshare agreement with Brazilian low-cost airline GOL.
A partnership between the two airlines would allow Avianca to expand its South American network, just as the airline did when it announced a codeshare agreement with fellow Brazilian airline Azul.
Tying up with Brazilian airlines gives Avianca a way back into Brazil following the bankruptcy of Avianca Brazil - which left the Star Alliance network of airlines on 1 September.
Elsewhere, a proposed joint venture between United Airlines, Colombia’s Avianca Holdings and Panama’s Copa Holdings has been delayed.
The decision for the delay is due to the potential inclusion of a fourth partner.
Reports have suggested that last week, United Airlines wants to include Azul in the deal - an airline which it already has a stake in.
In November 2018, the three airlines said they would file for US antitrust approval “in the near term” in order to coordinate routes between South America and the United States with the carriers aiming to implement the agreements in 2020.
Now almost a year after its proclamation, no deal has been announced.
The potential inclusion of Azul, which may be in the early stages of negotiations, has been one reason for the timetable slipping.
Azul has been the only one to comment on any delay, saying it is “always looking for opportunities with its partners.”