Taca and Colombia's Avianca Discussing Alliance

©image: Avianca

No further detail was known about this potential alliance between Colombia's largest air company and Central America's largest air transportation group, nor if the negotiation includes acquisitions or mergers.

Source: online.wsj.com

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The stock purchase is due to accounting and fiscal issues, reported TACA's President Roberto Kriete and Avianca's CEO Fabio Villegas.

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Five years ago Avianca was on the brink of bankruptcy. After purchasing TACA, it is one of the largest airlines of Latin America.

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The group officially announced the purchase of 100% of Ecuadorian company Aerogal.

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