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Avianca Merges With TACA. Colombian Avianca and Central-American, El Salvador based TACA have finalized their merger agreement to unite as one Latin-American airline company, keeping the two brands. The merger has been approved by antitrust and regulatory bodies.
There is definitely more consolidation coming. Taxi apps are growing at an exponential rate, so it's smart to take out candidates before they can steal market share, Bradley Gastwirth, CEO at U.S advisory firm ABR Investment Strategy, told CNBC. Indeed, a look at the sector's activity in recent months suggests the wheels are already in motion. In February, leading Chinese ride-hailing services Didi Dache and Kuaidi Dache (dache is the Mandarin word for taxi) merged to form a new company called Didi Kuaidi after battling for market share over the past year.