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CENTRAL AMERICA |
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Colombia's Avianca Discusses Alliance With
El Salvador's TACA
BOGOTA (Dow Jones)--Colombia's largest
airline, Aerovias Nacionales de Colombia SA,
or Avianca, has started discussions with El
Salvador airline Grupo TACA to create a
"strategic alliance," Avianca's chief
executive said.
"Avianca and its shareholders are carrying
out conversations with Grupo TACA with the
aim of sealing a strategic alliance that
would allow synergies and improve the
position in the markets the companies
serve," Fabio Villegas said in a filing to
the Colombian financial regulator late
Monday.
He didn't give any details on whether that
alliance would include a takeover or a
merger and he wasn't immediately available
for comment. |
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