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LAB Acquires AeroSur  
User currently offlineLatinAviation From United States of America, joined Nov 2003, 1276 posts, RR: 15
Posted (9 years 11 months 3 days 18 hours ago) and read 1075 times:

Bolivia's El Mundo newspaper is reporting that Ernesto Asbun, owner of LAB, through partnerships, has acquired a majorty of AeroSur. Asbun bought into a holding company called Huv Air, in addition to his own 19.3% stake in the airline. Asbun commented, "the intention is to fortify to the national aeronautical sector. What we are doing is to revitalize it after two years of difficult conditions. This is a very positive situation to enter a combination of operations with AeroSur."

The full article, in Spanish, can be found at:
http://www.elmundo.com.bo/Secundaria.asp?edicion=01/10/2004&Tipo=Economia&Cod=2219

5 replies: All unread, jump to last
 
User currently offlineBackfire From Germany, joined Oct 2006, 0 posts, RR: 0
Reply 1, posted (9 years 11 months 3 days 16 hours ago) and read 1049 times:

That's not what I heard. I thought he only acquired a very small stake (about 6%) in Aerosur indirectly through Huv Air.

User currently offlineLatinAviation From United States of America, joined Nov 2003, 1276 posts, RR: 15
Reply 2, posted (9 years 11 months 3 days 15 hours ago) and read 1043 times:

He did acquire it through Huv plus, iirc, he held a certain amount of his own and the combination allows some type of management control. It's not 100% of the total stock, but enough to leverage management control. Clearly, in the aforementioned article, LB and 5L would not be speaking to the press together unless it was somewhat amicable.

User currently offline757MDE From Colombia, joined Sep 2004, 1753 posts, RR: 6
Reply 3, posted (9 years 11 months 3 days 14 hours ago) and read 1020 times:

haven't they thought on merging?

would this operation suppose an Intra-Bolivian monopoly?



I gladly accept donations to pay for flight hours! This thing draws man...
User currently offline123 From Bolivia, joined Nov 2003, 745 posts, RR: 3
Reply 4, posted (9 years 11 months 3 days 14 hours ago) and read 1009 times:



I already posted this a few days ago:
http://www.airliners.net/discussions/general_aviation/read.main/1760060/

Regards!

123


User currently offlineLatinAviation From United States of America, joined Nov 2003, 1276 posts, RR: 15
Reply 5, posted (9 years 11 months 3 days 13 hours ago) and read 997 times:

You're ahead of this gringo, 123. Thank you.
http://www.airliners.net/discussions/general_aviation/read.main/1760060/


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