Avianca eyes up Central American market

Colombian airline company Avianca is looking to establish new partnerships in order to place the company firmly on the map in Central America. To this end, Avianca has announced an agreement with Central American airline company Taca International Airlines (Taca). Moreover, Avianca acquired Brazilian airline Ocean Air at the beginning of September in a deal worth USD 200mn (EUR 135.86mn). Businessman German Efromovich is the head of Grupo Sinergy, a conglomerate which owns Avianca and SAM, and which is the main shareholder in Ecuadorian firm Vipsa as well as Colombian firms Tampa Cargo and Helicol. Efromovich and Avianca president Fabio Villegas called a press conference on 7 October 2009 in which they envisage gaining an increasing share of the Latin American market.

Publication: Esmerk - News monitoring
Provider: Esmerk
October 8, 2009

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