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Continental Purchase Of Avianca  
User currently offlineAeroFan From United States of America, joined Aug 2004, 1538 posts, RR: 2
Posted (11 years 9 months 3 weeks 5 days 23 hours ago) and read 2423 times:

Does anyone know if CO managed to purchase Avianca?

3 replies: All unread, jump to last
User currently offlineEddieDude From Mexico, joined Nov 2003, 8224 posts, RR: 42
Reply 1, posted (11 years 9 months 3 weeks 5 days 22 hours ago) and read 2398 times:

I believe that Brazilian company OceanAir's offer was more valuable. In any case, I don't think it is a fait accompli because the bankruptcy court in the U.S. needs to authorize the transaction (although that may have happened already... I was away from home and from a.net most of July and something could have happened then).

Next flights: MEX-MZT AM E90; TIJ-MEX AM 788
User currently offlineSOUTHAMERICA From Colombia, joined Dec 2003, 2499 posts, RR: 9
Reply 2, posted (11 years 9 months 3 weeks 5 days 22 hours ago) and read 2375 times:

EddieDude basically hit on the nail. Several proposals were made, between which Synergy/OceanAir's bid was selected by Avianca as the best one.

I think the judge is supposed to approve the plan this or next month, I really don't know for sure. But, until then, Continental or any other company that wishes to make business with AV may still dig in and make second -more attractive- bid.


User currently offlineACES320 From United Kingdom, joined Mar 2004, 393 posts, RR: 0
Reply 3, posted (11 years 9 months 3 weeks 5 days 17 hours ago) and read 2247 times:

CO offer was more appealing for me but just time will tell. Something will be surrended in the process anyway

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