The announcement was made by Gabriela Sommerfeld, Aerogal's executive president, adding that more details will be available next week.
From Expreso.ec: "... in early 2009, Colombian newspaper Portafolio reported that Synergy Aerospace, owner of Avianca, would acquire up to 80% of Aerogal".
Source: Expreso.ec
More on this topic
March 2010
The group officially announced the purchase of 100% of Ecuadorian company Aerogal.
Gabriela Sommerfield, Aerogal’s president, announced that they will continue using the Aerogal brand.
“’This is the formal announcement of what we consider a landmark agreement, one that will change the course of commercial aviation in Latin America’, stated Fabio Villegas, president of Avianca-Taca, who took part in a press conference with Gabriela Sommerfield”, reported Elfinancierocr.com.
November 2010
Avianca - Taca acquired nearly 100% of the outstanding shares of AeroGal.
As a result of the transaction, the Ecuatorian airline gets to be part of integrated companies AVIANCA-TACA.
Following the acquisition, Avianca - Taca will work on strengthening AeroGal´s offer in South America, offering passengers travel within the region and connections to over 100 destinations in America and Europe, aboard more than 150 modern aircraft.
December 2009
Colombia's aviation authority authorized the operation of a new holding conformed by airlines Avianca and Taca.
The authorization was granted by "Aeronáutica Civil", the aviation authority, which belongs to Colombia's Transportation Ministry.
"Colombian airline Avianca reported the information on Thursday, adding that the authority granted them authorization 'without reserves'", reported Elsalvador.com.
October 2009
The airlines will merge their operations, becoming one of the largest in Latin America.
They announced the agreement must still be approved by Colombian and Salvadoran regulations, in order to make the union a reality.
Roberto Kriete, President of Taca, said that "airlines merging is a mainstream trend in the industry", reported Laprensagrafica.com.
español
1601
