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Summa Alliance will liquidate Aces

Medellin, Colombia - More than 700 employees will be fired

Aerolineas Centrales de Colombia, the second-largest partner in Colombia's Summa Alliance of three airlines, will be liquidated and more than 700 employees fired. They are the latest victims of a slump in demand for air travel. Summa Alliance stated the decision by shareholders of Aces, as the airline is called, came after a meeting in Medellin. The biggest shareholders are the holding company Valores...

AVIONEWS - World Aeronautical Press Agency - 51785
Rome, Italy, 08/21/2003 11:05
AVIONEWS - World Aeronautical Press Agency

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