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Avianca and TACA to merge

Bogota, Colombia - They will generate sales for US$3 billion

The two south-American airlines Avianca (Colombia) and TACA (El Salvador) announced yesterday the plan for a strategic merger in a single holding. Initially the carriers will remain to separate entities, with Sinergy (Avianca's parent company), that will control two thirds of the new joint-venture. The remaining third will be taken by TACA's shareholders. According to the two companies managers'...

AVIONEWS - World Aeronautical Press Agency - 1109916
Rome, Italy, 10/08/2009 09:59
AVIONEWS - World Aeronautical Press Agency

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