Brazilian airline Azul is looking to pickup the assets from bankrupt Avianca Brazil.
Azul has filed a petition with a bid for the acquisition of a new isolated productive unit (UPI) for a minimum bid price of US$145 million.
The new UPI consists of certain slot pairs of Avianca Brazil, including flights for the shuttle service between São Paulo and Rio de Janeiro.
In a statement, Azul said: "The company believes that the sale of this single new UPI will provide Avianca Brazil’s employees, customers, creditors, and other interested parties, a legal and legitimate alternative to maintain its business as a going concern in light of the rapid deterioration of the company’s activities.
"The New UPI also provides for a real competitive alternative to the significant market concentration that exists today in the shuttle service between São Paulo and Rio de Janeiro."
Avianca Brazil filed for bankruptcy in December 2018.