Avianca’s (Bogota) CEO German Efromovich gave an interview in Spanish to the Colombian newspaper La Republica. In the interview the CEO talked about the Avianca-TACA merger and what would happen to subsidiaries OceanAir and AeroGal. OceanAir will assume the Avianca brand in Brazil while AeroGal will retain its own brand in Ecuador.
Spanish version of the interview:
Avianca (Bogota) and TACA (Grupo TACA) (San Salvador) have closed their new shareholders agreement. After completing the required regulatory and antitrust approvals to create the new joint venture, announced in October 2009,ย Synergy Aerospace Corp., majority shareholder of Avianca, andย Kingsland Holding Limited, owner ofย Grupo TACA, announced they have closed their agreement to officially start its strategic integration.
This agreement allows the shareholders to contribute their investments in Avianca and Grupo TACA into a new company which will be named โAVIANCA-TACA Limitedโ based in the Bahamas, in whichย Synergy Aerospace Corporation will own 67 percentย andย Kingsland Holding Limited the otherย 33 percent.
Grupo TACA includes TACA International, and its share in LACSA, TACA Peru, AVIATECA, SANSA, La Costena, Aeroperlas and Islena Airlines. AVIANCA includes: Avianca, SAM and TAMPA, as well as the purchase option that Grupo Synergy has in AeroGal in Ecuador and OceanAir in Brazil.
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