Showing posts with label Transportation. Show all posts
Showing posts with label Transportation. Show all posts

2010-03-01

Avianca Taca to buy 100% of Aerogal

Air carrier Avianca Taca has announced the acquisition of Ecuadorian air carrier Aerogal. 80% will be acquired by Avianca and 20% by Kingsland Holding Limited, the owner of Taca. Avianca will pour USD 7.20mn (EUR 5.28mn) into Aerogal. The Ecuadorian airline has a fleet of 12 aircraft. It will receive two new Airbus 320s in the second half of 2010. It will pay for them with a USD 54mn loan it received from Corporacion Financiera Nacional (CFN).

Publication: Esmerk - News monitoring
Provider: Esmerk
March 1, 2010

2010-01-22

Aires to launch several new routes this quarter

Colombia's Aires is planning to launch six new routes, including three to the USA, over the next two months as it places additional Boeing 737-700s into service.

Aires now operates seven Boeing 737-700s on domestic trunk routes and to Fort Lauderdale in Florida. An Aires spokesman says an eighth 737-700 has arrived in Colombia and should enter service later this month. He says Aires is scheduled to take two more 737-700s later this quarter, giving it a fleet of 10 737-700s by the end of March.

ATI first reported in October Aires had committed to expand its 737-700 fleet to 10 aircraft through new lease deals with AWAS and Mitsubishi.

The Aires spokesman says some of the additional capacity will be deployed on Aires' new US operation. The carrier launched services to the US in November with one daily flight on the Bogota-Fort Lauderdale route. It already has traffic rights for several other US routes including Barranquilla, Cali and Cartagena to Fort Lauderdale and Bogota to New York JFK.

The spokesman says Barranquilla-Fort Lauderdale and Cali-Fort Lauderdale will be Aires' next US routes. "We're planning for February but we have no date yet," he tells ATI.

He adds both routes, which will be served with one daily 737-700 flight, will likely begin in the later portion of February as Aires has not yet begun selling tickets on either service. Typically Aires begins ticket sales 20 days before a route is launched.

The spokesman says Aires is also now aiming to begin service on the Bogota-New York JFK route in March. "We're working with the airport now to get the certifications," he says.

The spokesman says Aires is also looking at beginning 737-700 service from Bogota to Aruba in March but again a launch date has not yet been set. Aires already serves Aruba from Barranquilla with Bombardier Dash 8s. The Bogota-Aruba route represents the first of several potential Caribbean services from Bogota using newly acquired 737s.

Aires also secured last year traffic rights to serve Bogota-Sao Paulo but the spokesman says the planned 737-700 service to Brazil will not begin until the second half of 2010.

Domestically Aires is also expanding with new routes in February from Bogota to Riohacha and Valledupar in northeast Colombia. The spokesman says a schedule and launch date for these services have not yet been set.

Aires has been expanding its domestic network rapidly over the last several months as 737-700s were placed into service. Its last new domestic route, Bogota-Cucuta, was launched last month.

Cucuta was the last of Colombia's large cities to be added to Aires' network. The carrier is also now operating 737-700s into several smaller cities. Riohacha, for example, is a relatively small destination currently only served according to Innovata with one daily Fokker 100 flight from Bogota by Avianca.

Bogota-Valledupar is now only served by Avianca with three daily Fokker 100 flights, according to Innovata. Valledupar, however, is already served by Aires from Barranquilla with one daily Bombardier Dash 8 flight.

One year ago Aires was a regional carrier only operating turboprops on thin domestic routes. With the 737-700s Aires has been converted into a low-cost carrier competing with Colombia's two main carriers, Aero Republica and Avianca, on domestic trunk routes.

Aires also has been looking at leasing 70-seat Dash 8 Q400s to supplement its 37-seat Q200s. The spokesman says the carrier still hopes to have two Q400s in service by the end of March and currently has a team overseas inspecting specific aircraft.

According to Colombian CAA data, Aires transported 1.3 million domestic passengers through the first 11 months of 2009, a 15% increase over the same period the previous year. For the 11 months Aires had a 15% share of the domestic market, putting it number three behind Avianca and Aero Republica. But for the month of November, it had 18% share of the market, putting it just head of Aero Republica.

Publication: Reed Business Information - Air Transport Intelligence
Provider: Reed Business Information, The Flight Group
January 22, 2010

2009-09-29

Toyota may enter new segment

Japanese car manufacturer Toyota has announced that it is assessing the possibility of entering new segments in Colombia. The firm led the segment for pick-up trucks in August 2009, driven forward by its innovative portfolio and a cut in prices of around 5% on average. However, Toyota has seen its market share drop by 2% so far in 2009. In order to offset this fall, the firm has introduced post-sale and marketing strategies as well as extending the warranty period for its vehicles.

Publication: Esmerk - News monitoring
Provider: Esmerk
September 29, 2009

2009-08-31

Avianca issues bigger bond than expected

Avianca of Colombia has issued bonds to the tune of Peso$500bil via the Bolsa de Valores de Colombia (BVC), having only planned initially to emit Peso$300bil. The airline could indeed have sold bonds for a total of Peso$692.48bil such was investor interest.

The president of Avianca, Fabio Villegas has said that the operation will give the airline new impetus to continue with the overhaul process it has embarked upon. The issue was split into three tranches, one running for five, another for seven and the third for ten years at 5.5%, 6.3% and 6.69% respectively. Tranche one came to Peso$75bil; tranche two, to Peso$158.63bil; and tranche three, to Peso$266.37bil. The issue received a rating of AA+ from Fitch Ratings, was structured by ImasI and was placed by Interbolsa.

Publication: SABI - Business News
Provider: South American Business Information
September 1, 2009

2009-08-29

Satena to start online ticket sales soon

Major-General of the Fuerza Aerea Colombiana (Colombian Air Force), Jose Javier Perez Mejia has been made the new president of Satena. Perez Mejia promises aggressive and enthusiastic attempts to turn a difficult situation around. Passenger numbers fell by 8% in the first half of 2009 for Satena. The new president wants the airline to be best known for high levels of service. He notes that Satena's bills are mainly in dollars even though its income is not dollar-based and adds that it is a shame that Eldorado airport in Bogota is in a mess at present due to renovation and modernisation work being carried out by Opain.

Perez Mejia explains that the closure of runway 1B Norte has seriously affected Satena operations.A priority for Satena in the second half of the year is the opening-up of new sales channels. Inside a month, the airline will be offering Internet ticket sales, a process in which US$1mil has been invested. The turnover for the group in the first semester of 2009 came to Peso$135bil and the goal for the whole of this year is a very attainable Peso$250bil.

Publication: SABI - Business News
Provider: South American Business Information
August 29, 2009

2008-10-09

Spanish consortium to carry out Bogotá metro studies

The tender to carry out studies to develop Bogotá's metro system has been awarded to Spanish consortium Sener-Transporte Metropolitano de Barcelona, Colombian paper El Tiempo reported.

The consortium won the bid with over 70 points from a maximum of 100, the report said, adding that only Sener-TMB obtained a score over 70 which was the minimum requirement.

The design tender for line 1 of the metro and its financial and legal structure was launched on March 19.

In May, six firms were shortlisted from the 56 that expressed interest in the project.

Of these six consortiums, only three sent the documentation required by the World Bank (WB): Sener-TMB, Spanish Ineco-Metro de Madrid, and British Steer Davies and Gleave.

Now the WB, which is assisting the Bogotá government in the process, has to review the process and give its authorization.

If all goes well, Sener-TMB will have one year to define the route that metro line 1 will use, the fare system, the cost of the overall project and how much of the national and local budget will be assigned to the project.

The consortium must also decide how the metro will integrate with the capital's mass transportation system Transmilenio and the future suburban rail project Tren de Cercanías.

To establish the financial structure of the project, Sener-TMB will receive advice from Spanish bank Banco Santander and consulting firm ALG, the paper said.

On the legal front, the consortium will be assisted by Spanish law firm Garrigues Abogados and Spanish company Incoplan, which is specialized in providing solutions for development projects, the report said.

Construction of line 1 is slated to start at end-2011.

Publication: Business News Americas - English News
Provider: Business News Americas
Date: October 9, 2008

2008-01-02

IDU awards Transmilenio road construction supervision contracts

The urban development institute (IDU) in Colombian capital Bogotá has awarded the supervision contract for the construction of two lanes to be used by public transport system Transmilenio, IDU reported in a release.

The works are part of the system's third phase and were awarded to a total of two companies and three consortiums, which will supervise the lanes' construction that is slated to last 21-27 months.

The construction of the Carrera 10 lane runs from streets 31 Sur and 30 Sur, and streets Carrera 5 and Carrera 10 will be supervised by consortium Interventorías Troncales 2007, comprised of companies Interventorías y Diseños Interdiseños and Compañía de Estudios e Interventoría. Works are to last 26 months.

The company Poyri Infra was awarded the control over the construction of the exclusive bus lanes along street Carrera 10, between streets 30 Sur and 7. Works are expected run 23-25 months.

Consortium IML - composed of firms MAB Ingeniería y Consultoría, Ingeniería y Consultoría Ingecon and Latino Consult - was awarded supervision over construction of the bus lane along street 10, between streets 7 and 34, and of the lane along street 26, between street 19 and avenue 19. Works will take 23-26 months.

Consortium Intercol - comprised of firms Investigación y Control de Calidad Incosa, Vías y Ambiente Viambiente, Obras y Proyectos RP and Gestión de Proyectos de Ingeniería GPI - was awarded the supervision of lane construction along street 26, between streets Carrera 19 and Transversal 76. This project is slated to last 21-27 months.

Finally, the company Ingenieros Consultores Civiles y Eléctricos Ingetec will be in charge of supervising the construction of the lane Troncal 26, along street 26, expected to last 27 months.

Troncal 26 will total 12.2km, while Troncal Carrera 10 will total 7.2km.

The construction of the two lanes will launch once the pre-construction phase wraps up in June 2008.

Publication: Business News Americas - English News
Provider: Business News Americas
Date: January 2, 2008

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