LatinAviation From Ireland, joined Nov 2003, 1276 posts, RR: 16 Posted (9 years 2 months 1 week 6 days 19 hours ago) and read 921 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."
LatinAviation From Ireland, joined Nov 2003, 1276 posts, RR: 16 Reply 2, posted (9 years 2 months 1 week 6 days 16 hours ago) and read 889 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.