What happened to the big buy out of Avianca rumor?

I would like to know as well. I asked a gate agent there and he said they didn't know either. To me, we had the lesser chance as Avianca is already in Star alliance. I do think it odd we stopped JFK-BOG, ATL-MDE, and Cartagena seems to be on the chopping block. I think if we got it we were waiting to finalized Aero Mexico deal first.

http://www.nytimes.com/2016/12/05/business/dealbook/as-avianca-weighs-bids-hedge-fund-plays-unusual-role-diplomat.html?_r=0

Will we lose this one like we did with JAL & Skymark?

How do Copa and United have separate bids? United owns 20% of Copa, why bid against each other?