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Avianca Case: And The Winner Is...  
User currently offlineS.p.a.s. From Liechtenstein, joined Mar 2001, 966 posts, RR: 2
Posted (9 years 8 months 1 week 5 days 20 hours ago) and read 5865 times:

the Brazilian Sinergy Group.

The decision was made a few moments ago and made public by Mr. Efromovich at a press meeting.

According to him, AV will not loose its identity, but some improvements on fleet and destinations would be made. Also, they plan to return to the all cargo operation. Fleet renewal should be completed by 2010.

I just got the news from a friend who was at the press meeting, he works for a major aviation magazine here.

Nothing official on the press here, though

Let´s wait and see...

Cheers

Renato




"ad astra per aspera"
68 replies: All unread, showing first 25:
 
User currently offlineJuanr From , joined Dec 1969, posts, RR:
Reply 1, posted (9 years 8 months 1 week 5 days 20 hours ago) and read 5844 times:

If that just did happen it would mean that pilots' strike will be effective almost immediately...ohh, God bless us. It is in the press here in Colombia. Sad news, I wanted the pilots to take over.

Juan
SKBO

Edited: Update

[Edited 2004-11-16 21:17:56]

User currently offlineS.p.a.s. From Liechtenstein, joined Mar 2001, 966 posts, RR: 2
Reply 2, posted (9 years 8 months 1 week 5 days 20 hours ago) and read 5836 times:

Hola Juan,

My source is a friend (aviation journalist) who attended to the press conference held at Ocean Air HQ earlier today. As you may know, Ocean Air is owned by Sinergy Group too.

Gran saludos

Renato



"ad astra per aspera"
User currently offlineElcapi1980 From United States of America, joined Apr 2004, 220 posts, RR: 0
Reply 3, posted (9 years 8 months 1 week 5 days 18 hours ago) and read 5804 times:

it is true... here is a link,,,,,

http://www.portafolio.com.co/port_secc_online/porta_econ_online/2004-11-16/ARTICULO-WEB-NOTA_INTERIOR_PORTA-1899445.html
--------------------------------------------------------------

Efromovich indicó que el nuevo socio de control de Avianca pretende renovar su flota, compuesta por 36 aviones de los cuales 15 son McDonell Douglas MD-83, un Boeing 767-300, cuatro Boeing
767-200, seis Boeing 757-200 y diez Fokker 50.

“El año próximo decidiremos sobre la nueva flota de Avianca, que empezará a ser reemplazada a partir de 2008 ó 2010”, anotó el empresario, quien dijo que mañana estará en Bogotá para detallar a las autoridades colombianas y a la prensa los planes que tiene para la aerolínea.

Sao Paulo
Efe

What planes is he thinking about...emb190 and 170...that will be cool...







I love you barranquilla!!!!!
User currently offlineHardiwv From Brazil, joined Oct 2004, 8780 posts, RR: 50
Reply 4, posted (9 years 8 months 1 week 5 days 18 hours ago) and read 5787 times:

HEADLINES!!!!!!

Now is official: Oceanair from Brazil, owned by Brazilian magnate Mr. German Efromovich, bought a 75% stake at Avianca, and the other 25% was bought by the Colombian Coffee Association.

Mr. Efromovich has a vast oil empire in the state of Rio de Janeiro, Brazil. Oceanir was created as a local airline to tranport staff of oil fields in the area around Macae to the city of Rio de Janeiro.

USD63 million will be injected in Avianca to capitalised the company.

Rgs,
Hardi


User currently offlineHardiwv From Brazil, joined Oct 2004, 8780 posts, RR: 50
Reply 5, posted (9 years 8 months 1 week 5 days 18 hours ago) and read 5781 times:

''We are thinking of expanding Avianca's participation in the continent and will look into the possibility of expanding internationally,'' Efromovich said.

Quoted from the news:

Brazilian firm buys Avianca

Grupo Sinergy, a Brazilian company led by investor German Efromovich, paid $64 million for control of Aerovias Nacionales de Colombia SA, the oldest carrier in the Americas, in a plan to rescue the airline from bankruptcy.

Efromovich, 54, said the group bought 75 percent of the airline, known as Avianca, from shareholders Valores Bavaria SA and the National Federation of Colombian Coffee Growers in Bogotá. Valores sold its 50 percent stake, while the federation will retain 25 percent for three years. Avianca, which was founded in 1919, will keep its name.

''The commitment exists to maintain the flag and make it grow,'' Efromovich said at a media conference in Bogotá. ``It wouldn't make sense in business terms for somebody to change what is not only Colombia's but a Latin American bastion, the oldest airline on the continent.''

REORGANIZATION PLAN

The capital injection will help save Avianca from bankruptcy while boosting its reach across Latin America, Efromovich said. The acquisition will be presented as part of the airline's plan to reorganize about $300 million in debt that must meet with approval from its creditors, said Gabriel Silva, general manager of the coffee growers federation.

''This is really positive for Avianca. It has great potential,'' said Hernan Galindo, a consultant at Aviation management Services in Miami. ``This will help it move ahead with its restructuring and concentrate on its expansion, enter new markets.''

Valores Bavaria shares rose 69 pesos, or 20 percent, to 410 pesos, a 52-week high, on the Colombian Stock Exchange Index.

Efromovich's Grupo Sinergy, based in Sao Paulo, is owner and operator of Ocean Air, a regional airline in Brazil. Efromovich, who was born in Bolivia, is also president of Maritima Petroleo e Engenhaira Ltda, an oil exploration and rig construction company that operates in Brazil, Ecuador and Colombia, with Heaquarters in Rio de Janeiro. He also controls a shipyard, Estaleiro Ilha SA, in Sao Paulo.

EXTENDED REACH

''With this, we can be a feeder for all Brazilian cities,'' Efromovich said, referring to Ocean Air's regional flights. Ocean Air flies about 20,000 passengers a month on its 10 Bombardier aircraft and had become the biggest regional airline in Brazil since beginning operations as a taxi carrier for oil companies more than two years ago, he said.

Avianca, which is expected to bill $630 million this year in ticket sales, has 35 aircraft, including Boeings 757 and 767, MD 83's and Fokker 50's, and flies to 19 cities in Colombia and 15 countries in Latin America, North America and Europe, according to Ocean Air. The Colombian company has about 5,000 employees.

''We are thinking of expanding Avianca's participation in the continent and will look into the possibility of expanding internationally,'' Efromovich said.

Avianca filed for bankruptcy protection in a New York court last March after rising fuel and insurance costs deepened its losses. Avianca posted a loss of 309 billion pesos ($107 million) last year, compared with 102 billion pesos in 2002, the company reported last week



User currently offlinePPVRA From Brazil, joined Nov 2004, 8942 posts, RR: 40
Reply 6, posted (9 years 8 months 1 week 5 days 17 hours ago) and read 5760 times:

"Ocean Air flies about 20,000 passengers a month on its 10 Bombardier aircraft and had become the biggest regional airline in Brazil since beginning operations as a taxi carrier for oil companies more than two years ago, he said."

LOL...they fly the much more superior Embraer aircraft! Big grin



"If goods do not cross borders, soldiers will" - Frederic Bastiat
User currently offlineWimpycol From Netherlands, joined Aug 2001, 484 posts, RR: 5
Reply 7, posted (9 years 8 months 1 week 5 days 17 hours ago) and read 5749 times:

Finally some REAL news!

GOOD or BAD we must see what the future will tell us! Hopefully this is the first step for AV to come back and become even stronger!!

AV hope to fly with you again in the near future!!!!!!


Saludos
Willem Alberto / The Flying Dutchman



Here som links;

Germán Efromovich quiere tomar los ‘controles’ de Avianca en un plazo de 10 días
http://www.portafolio.com.co/port_secc_online/porta_econ_online/2004-11-16/ARTICULO-WEB-NOTA_INTERIOR_PORTA-1899445.html

Pilotos de Avianca y actuales accionistas estaban en discusión sobre el futuro de la aerolínea
http://eltiempo.terra.com.co/economia/2004-11-16/ARTICULO-WEB-_NOTA_INTERIOR-1899431.html



Some nice notes from Germán Efromovich:
Let's hope that he will keep his word!!!


  • Efromovich said Tuesday that Synergy would meet 100% of Avianca's remaining obligations, including all debts owed to a pension fund for retired Avianca pilots.


  • Synergy believes Avianca is a "viable" airline and plans to continue with the cargo business as well as domestic and international passenger services, Efromovich said, adding that Avianca will continue to fly under the Colombian flag.


  • In its written statement, Synergy said it plans to strengthen the role of Colombia's capital city, Bogota, as a regional hub and will seek to attract tourists and businessmen. The firm is betting on growing commercial ties between Latin American countries to fuel demand for regional air services.


  • Efromovich said there had been no competing bids for Avianca. In early October, Avianca pilots said they opposed the Brazilian group's bid and were planning to buy the airline with an unnamed Arab investor.


  • "Up until today, anybody could have made a proposal to buy control of the company. Up to the minute the judge confirmed our plan, there was no other proposal on the table," he told reporters at a news conference in an OceanAir building opposite Sao Paulo's city airport.


  • Efromovich said Sinergy would take control of Avianca in 10 days once the paperwork for the deal had been wrapped up.


  • "During the (restructuring) process other companies came into the market and it (Avianca) lost market share, principally domestically. We intend to win that back," he said.


  • "The market is growing and there is room to grow," he said. "There is the cargo area that Avianca stopped exploring. We should get back to that.".




  • BOGOTA (Dow Jones)

    Colombia's flagship airline, Avianca SA (ANC.YY), on Tuesday received final approval for its restructuring proposal from a U.S. bankruptcy court judge, a move that paves the way for control of the carrier to be transferred to Brazil's Grupo Synergy.

    Synergy will acquire a 75% stake in the company, while the remainder will be in the hands of Colombia's National Confederation of Coffee Growers. Currently, the coffee growers group and Colombian conglomerate Valores Bavaria (VALBAVARI.BO) each control a 50% stake.

    Avianca, which bills itself as the second-oldest commercial airline in the world and operates 290 domestic and international flights a day, has fallen on hard times in recent years due to slumping demand and rising fuel costs. Synergy owns OceanAir, an air taxi company that serves Brazil's oil industry and also operates regional routes serving more than 30 cities.

    Avianca filed for Chapter 11 bankruptcy protection in March of 2003 and delivered its reorganization plan to a U.S. court in July of this year. In March of this year, Synergy offered to inject $63 million of capital into Avianca and assume nearly $300 million in debt.

    Speaking in Sao Paulo on Tuesday, Synergy's president, German Efromovich, said his company expects to take control of Avianca within 10 days. He added that the acquisition may result in a capital injection of as much as $70 million.

    Initially, Synergy will invest $44.5 million to acquire the 75% stake, Efromovich said, noting that his company has already secured a letter of credit for the full amount with a New York bank. He said that the coffee growers federation would need to supply the remainder of the capital injection to maintain its 25% stake.

    Under the debt restructuring approved Tuesday by New York judge Allan L. Gropper, Avianca has reduced its total debt to $220 million, from $300 million, and extended the average duration of the debt to seven years, Synergy said in a statement.

    Avianca said in a press release Tuesday that 99.8% of its creditors threw their weight behind the Synergy proposal. The Colombian airline said the restructuring will enable the company to obtain the originally planned $63 million capital injection within 13 months, before it emerges from Chapter 11 proceedings.

    The final approval of the restructuring ends a drawn out battle involving company management, pilots and creditors. In recent weeks, the Colombian pilots association said on several occasions that it had received proposals from unnamed bidders to acquire the airline.

    In the statement Tuesday, Avianca said that Judge Gropper declined to concede seven more days, as had been requested by pilots, to wait for another proposal to surface.

    "This decision was endorsed by creditors, who ... have made clear that up until now only one company had expressed an interest in purchasing the airline," Avianca said.

    Pilots, who had threatened in recent days to go on strike if the Synergy deal went ahead, alleged that it was unclear whether Efromovich would guarantee payment of $145 million owed to retired pilots.

    Efromovich said Tuesday that Synergy would meet 100% of Avianca's remaining obligations, including all debts owed to a pension fund for retired Avianca pilots.

    "This is not the moment to be talking about strikes," Efromovich said. "Within the restructuring the company plans to pay 100% of its debts. (The airline pilots) are the only ones that have been receiving full payments," he said.

    Synergy believes Avianca is a "viable" airline and plans to continue with the cargo business as well as domestic and international passenger services, Efromovich said, adding that Avianca will continue to fly under the Colombian flag.

    The Brazilian executive praised the orthodox policies of Colombia's President Alvaro Uribe, saying they have brought tranquility for investors.

    "We can only be optimistic with regards to Colombia. It is an excellent place to invest," Efromovich said.

    In its written statement, Synergy said it plans to strengthen the role of Colombia's capital city, Bogota, as a regional hub and will seek to attract tourists and businessmen. The firm is betting on growing commercial ties between Latin American countries to fuel demand for regional air services.

    Synergy will also leverage the regional network of its existing Brazilian airline, OceanAir, Efromovich said.




  • Colombia... can't wait to be there again!!!!!!!!!!
    User currently offlineChiguire From Venezuela, joined Sep 2004, 2003 posts, RR: 16
    Reply 8, posted (9 years 8 months 1 week 5 days 17 hours ago) and read 5725 times:

    I don´t know if this was post already. But as far as I understand that the New York court has approved that Avianca is out of Chapter 11.
    http://www.el-universal.com/2004/11/16/eco_ava_16A507859.shtml


    User currently offlineArcano From Chile, joined Mar 2004, 2406 posts, RR: 24
    Reply 9, posted (9 years 8 months 1 week 5 days 17 hours ago) and read 5708 times:

    Hi!

    Why the pilots are planning to strike? Why are them against Synergy?

    Good luck and congratulations, Avianca.

    Regards )( Arcano



    in order: 721,146,732,763,722,343,733,320,772,319,752,321,88,83,744,332,100,738, 333, 318, 77W, 78, 773 and 380
    User currently offline757MDE From Colombia, joined Sep 2004, 1753 posts, RR: 6
    Reply 10, posted (9 years 8 months 1 week 5 days 16 hours ago) and read 5699 times:

    Arcano:

    The Pilots feel their retirement and the debts the Airline has with them aren't guarenteed with Synergy's offer.

    AFAIK they say that Synergy will only guarantee them as long as the Airline is profittable, but they want them to be guaranteed under any circumstances.
    That's my perception at least, don't quote me on that.


    Now, although Efromovich won't be la panacea, I have some trust on him (it's the only choice now anyway). I just hope the Pilots won't strike or something alike, because the Airline is just going out of the Hospital, and cannot afford to be sick again so soon.



    I gladly accept donations to pay for flight hours! This thing draws man...
    User currently offlineBongo From Colombia, joined Oct 2003, 1863 posts, RR: 5
    Reply 11, posted (9 years 8 months 1 week 5 days 15 hours ago) and read 5676 times:

    Avianca: La Aerolinea de Colombia (Not anymore)
    Avianca: La Aerolinea de Brazil (Welcome Brazilian investor, at least is a salvation for our suffered and beloved airline)  Big grin



    MDE: First airport in the Americas visited by the A380!
    User currently offlineRCS763av From Colombia, joined Jun 2004, 4393 posts, RR: 12
    Reply 12, posted (9 years 8 months 1 week 5 days 14 hours ago) and read 5658 times:

    The pilots say they will not strike (still).

    Hardi, why do you keep posting innacurate info about Avianca´s situation?

    The coffee growers already owned 50%, and gave up 25% to synergy!

    Anyway, real good news...lets see what the fleet renewal progaram will be about. Im hopingfor 73G, ATRs and who knows, maybe 7E7s (just kidding).



    Les escribo desde el frío de mi verde altiplano.
    User currently offline757MDE From Colombia, joined Sep 2004, 1753 posts, RR: 6
    Reply 13, posted (9 years 8 months 1 week 5 days 13 hours ago) and read 5632 times:

    RCS:
    The coffee growers only owned 25% at the time Synergy bought, Hardi was right there.

    I don't think they'll go for ATR, but who knows.
    There are some years left anyway.



    I gladly accept donations to pay for flight hours! This thing draws man...
    User currently offlineRCS763av From Colombia, joined Jun 2004, 4393 posts, RR: 12
    Reply 14, posted (9 years 8 months 1 week 5 days 5 hours ago) and read 5591 times:

    757MDE: Hardi said they bought that 25%


    Les escribo desde el frío de mi verde altiplano.
    User currently offlineTavong From Colombia, joined Jul 2001, 835 posts, RR: 4
    Reply 15, posted (9 years 8 months 1 week 5 days 4 hours ago) and read 5572 times:

    Well we have to wait until the operations and routes make a change (more in frecuencies than other things i think), the new fleet will tkae some more time but well i can live with that if Avianca keeps alive HEHEHEHEHEHEHEHEHEHEHE.

    On the fleet things i really don't think we will see ATRs in AV colors, they just will be too old at the time the fleet changes.......maybe Dash-8Qs but i really don't think that to much seriously.


    Gus
    SKBO




    Colombian coffee, the best...take a cup and you will see how delicious it is.
    User currently offlineHardiwv From Brazil, joined Oct 2004, 8780 posts, RR: 50
    Reply 16, posted (9 years 8 months 1 week 4 days 23 hours ago) and read 5515 times:

    RCS763av:

    Why do you keep complaining about my posts? I'm just trying to contribute to the debate, and translated some news from the Spanish (which is NOT my first language) to English! I was trying to help, sorry if in my translation something got missing or inaccurate, ok?

    Previously you said I was wrong when I stated that AV was bought by Synergy, and now you see that I was right, correct? In investment terms, AV was NOT bought by Efromovich, but Brazilian company Synergy, in which Oceanair is part.

    Congratulations, Avianca! I hope this also makes the ties between Colombia and Brazil become stronger. I recall a press interview of Efromovich, and he plans to connect BOG with MAO, and also transform BOG as a regional hug.

    I hope all the best for Avianca! I personally have very good expectation. Efromovich has the cash, and is a creative and forward-looking investor. I hope AV becomes what VIRGIN is now, since I usually try to compare Efromovich with Richard Branson.

    Rgs,
    Hardi


    User currently offlineJuanr From , joined Dec 1969, posts, RR:
    Reply 17, posted (9 years 8 months 1 week 4 days 23 hours ago) and read 5504 times:

    Hardiwv wrote: (post 4) "and the other 25% was bought by the Colombian Coffee Association"

    That is completely inaccurate The Coffee Growers already owned the 50% of the company and now they will sell the 25% and keep the other 25. BTW that wasn't quoted from the news or if it was you did not tell us.

    On the other side, it seems that pilots are not giving up yet since it looks like they are trying to set up a new offer (late of course) to be taken to the judge. The do not like Efromovich and I can't blame them, I do not trust him either; the media and Efromovich keeps saying that this should be a decision to celebrate but from my point of view things are as dark as they were in the beggining and there is nothing to celebrate...yet.

    Did you know that Efromovich has familiar links with the Santo Domingo Family, this should be further investigated, something tells me that Efromovich is only a testaferro of Julio MArio Santodomingo.

    Juan
    SKBO



    User currently offlineHardiwv From Brazil, joined Oct 2004, 8780 posts, RR: 50
    Reply 18, posted (9 years 8 months 1 week 4 days 23 hours ago) and read 5496 times:

    Juanr:

    1. It was a quote from Ducth news in Amsterdam.

    2. Apparently you did not read my reply 6. Please see my Reply 6, which contains ALL the information, and therefore overides my Reply 5. My post 6 says that Colombia Coffee Associate retained 25% stake. ok??

    3. Synergy group bought AVIANCA.

    4. If you have any problems let me know! ok????

    PLEASE READ MY REPLY 6... Smile

    Congratulations, AV!

    Take care,
    Hardi









    User currently offlineHardiwv From Brazil, joined Oct 2004, 8780 posts, RR: 50
    Reply 19, posted (9 years 8 months 1 week 4 days 23 hours ago) and read 5491 times:

    I wanted the pilots to take over.

    Juanr, Ohhh...now I see why you are sad! This exaplains a lot! You actually wanted Avianca to become a private club of the pilots....AV would not last even one year....I can just imagine a company owned by its staff....probably the first thing they would do is a pay increase, right? of course, decrease working hours and increase pension benefits as well, correct?


    Rgs,
    Hardi




    User currently offlineSOUTHAMERICA From Colombia, joined Dec 2003, 2497 posts, RR: 10
    Reply 20, posted (9 years 8 months 1 week 4 days 23 hours ago) and read 5481 times:


    Hardi,


    I suggest you stop losing your time on other things that are not really what you are truly interested in, which is Brazilian aviation itself, as it seems that nobody cares about these type of news, and ironically the only one is a foreign user as yourself. Don't be let down by users who judge your posts either, as they don't even have the spirit to post the news translated into English, they are only here to critisize the little details and not to share valuable arguments about the general topic.

    Believe me, Colombian topics are a total disaster and I've surely had a better time staying away from them. They are an effective user-repellent. For the time being, keep sharing with us your news about Varig, TAM or Brazil in general, which I by far enjoy as they seem they generate far more real interesting discussions about aviation.

    Thanks, I'm out of here.



    SOUTHAMERICA



    User currently offlineRCS763av From Colombia, joined Jun 2004, 4393 posts, RR: 12
    Reply 21, posted (9 years 8 months 1 week 4 days 22 hours ago) and read 5464 times:

    SOUTHAMERICA: Since when can u correct people all the time and we cant? Gosh! You judge our posts all the time and now are telling us not to do it! And colombian topics are user-repellent when the user keeps being rude to the other people.


    A question to the other users:

    Would the Dash 8Q400 fit in Avianca´s operation? Maybe the Q300...



    Les escribo desde el frío de mi verde altiplano.
    User currently offlineHardiwv From Brazil, joined Oct 2004, 8780 posts, RR: 50
    Reply 22, posted (9 years 8 months 1 week 4 days 22 hours ago) and read 5467 times:

    southamerica:
    ok, thanks for the advice!
    rgs,
    hardi


    User currently offlineErikwilliam From Brazil, joined Mar 2004, 2152 posts, RR: 12
    Reply 23, posted (9 years 8 months 1 week 4 days 22 hours ago) and read 5453 times:

    Brazilian economical newspaper VALOR ECONOMICO, called Sinergy Group the winner today.

    A New York court law gave the decision to Sinergy, the group shoul take the company in 10 days from now. The recovery plan, will put up to USD70milion to recover the airline and renegotiate the debt, of USD220milion, up to 7 years to pay.
    Sinergy will take 75% of total sharing votes and Avianca´s capital, beeing the major holder. The brand will not be changed, as well as nationality of the company.
    Avianca has 35 planes, among then 757 767 MD83 and F-50´s.
    Sinergy plan´s that Avianca will have USD630milion in incomes and transport up to 5,5milion passengers in 2004.



    Sorry if the translation was not so good.

    Another news from Ocean Air(sinergy): Ocean Air flerts with Transbrasil owner Marcio Cipriani to put Transbrasil back in the air. The reborn company should be only for cargo, and would still operate under Transbrasil brand, just with another management. The future incomes should be use to pay the compani debt, that reaches USD300milion.
    The broken company Transbrasil still owns 14 cargo terminals, 5hangars, 49check in counters, 28 staff area and 17 ticket counters.

    It´s good to remember that airport areas such as check in and ticket counters are operate under license by the companies, licenses last for 15 years.

    I personaly don´t see this happening, as Mr.Cipriani is under investigation for deveating money from the company, causing it´s bankrupcy.

    nice day fellas.



    Dida, Cafu, Lucio, Roque Junior, Roberto Carlo, Emerson, Ze Roberto, Ronaldinho, Kaka, Adriano, Robinho, Ronaldo
    User currently offlineJuanr From , joined Dec 1969, posts, RR:
    Reply 24, posted (9 years 8 months 1 week 4 days 18 hours ago) and read 5405 times:

    WOW!! It looks like someone is getting sensible here!!

    Hardivw I was only pointed what was the thing you wrote that was inaccurate; If I did not mention anything about reply No.5 was because I had nothing to say about it since it was true (more or less).

    As for my preference for an eventual pilots' offer yes, I would rather ANY offer for AV that would mean that the Airline would remain COLOMBIAN, now, as Bongo wrote here, it is not the Airline of Colombia anymore.

    As for the points you stated on reply No. 18

    1. It was a quote from Ducth news in Amsterdam.
    Watch out for your sources man, If I were looking for Colombian news that just ocurred in the US my last source would be a Dutch newspaper.

    2. Apparently you did not read my reply 6. Please see my Reply 6, which contains ALL the information, and therefore overides my Reply 5. My post 6 says that Colombia Coffee Associate retained 25% stake. ok??

    I read it, it looks like you got so touchy that you couldn't read mt reply 17

    3. Synergy group bought AVIANCA.
    That is what we are talking about here.

    4. If you have any problems let me know! ok????
    Well I DO have a problem with those new airliners.net members who think that they know everything and keep critizicing every thing the rest of as say, and you are included among them. Now what are you going to do?


    As for Southamerica's departure: Farewell, I won't miss him here.

    ------
    Even though, there is still a small chance that the pilots offer will be hear, take a look at the interviews that were given early this morning on W Radio FM Colombia, they have interesting points of view.

    Juan
    SKBO


    25 MATURRO727 : Hey typically ! SOUTHAMERICA enters to the forum and the problems begin ! ja ja very rare ha ? Now im agree(in some aspects) with Juanr, I would go to
    26 RCS763av : Maturro: Remember AV was bought by the Synergy Group, not by OceanAir, so AV will still be the 2nd oldest airline in the world...Efromovich stated tha
    27 MATURRO727 : Hey: RCS763av: so technically AV would pass to be the oldest ? Cheers MATURRO727
    28 Tavong : Amturro even you maybe can see the same thing that happened when Texas International took over Continental, they used the Continental tittles instead
    29 Ghost77 : I suggest you stop losing your time on other things that are not really what you are truly interested in, which is Brazilian aviation itself, as it se
    30 RCS763av : Yes maturro, AV would pass to be the oldest...nice huh? Ghost: Usually Colombian posts go crazy because people get mad at southamerica for his unstopp
    31 TACAA320 : "For the time being, keep sharing with us your news about Varig, TAM or Brazil in general, which I by far enjoy as they seem they generate far more re
    32 Airplane : Cheers for AV ! Only an idiot will take such a famous name away. My little concern is he is Brazilian. I have a very bad taste about them. Southameric
    33 Erikwilliam : Airplane: I´m sorry man, but why exactly do U have a bad taste about brazilians? Can u say that from previous enconter with brazilians or because the
    34 Tavong : Well apparto of getting in a real figth well can anyone put your tougths about Synergy and Avianca? -Do you think that uanemilio Posada will leave? -D
    35 Hardiwv : Airplane: What??????? This thread is RIDICULOUS! I should never EVER posted any comment here.... Erikwilliam, let's get out of here. Good luck,
    36 CHRISBA777ER : Im in the middle of a credit report for Avianca and have just finished my fleet review / ops review section. Now that Eframovich is in charge, we may
    37 Komododx : Juanr, Believe me that finding news in a Dutch newspaper is much better than finding it in El Tiempo, La Republica, Portafolio, etc... Have you even s
    38 Post contains images Juanr : Komododx: You truly have o point here, certainly El Tiempo is a crap since they are the only national newspaper nowadays; the point is that it is bett
    39 Miamiair : AV run be the pilots wouls be an aoutright financial disaster. AV would be back in bankruptcy court in a year if that were the case.
    40 AV757 : A332 is no good out of BOG it is highly restricted and limited in TOGW for long haul flights due to its not so spectacular performance at high altitud
    41 Post contains images CHRISBA777ER : I disagree AV757 - i agree with you re. 757s - gonna be tough to source with good frame / cycles on them (normally they come from the US) - but they a
    42 Juanr : Chris: AV flies daily to MAD on 767-200, non-stop, planes almost always full; When they flew to LHR, FRA and CDG they used the 767s non-stop as well (
    43 Airplane : In deed, when the Canedo cowboys acquired Ecuatoriana, they ran that company like a convenience store. They trashed the image, they treated the employ
    44 CHRISBA777ER : Thanks Juan - appreciated.
    45 Tavong : 762ER yes they can Do BOG-Europe Non-Stop you see that every day :P B763ER With some kind of diffulty but they do (But AV757 please correct me on thes
    46 Juanr : Gus: I think AV can easily fill a B744 on the BOG-MAD and BOG-JFK routes. Juan SKBO
    47 AV757 : BOG-MAD non stop full load of passengers: 767-200 no restrictions. 767-300 with a stopover at CTG, BAQ or CCS. 757-200 via SJU, LIS. 777-200 with 96.0
    48 Summa767 : Thank you very much AV757 for providing the technical info, which I always find very interesting. So it'll be the same sort of fleet for the moment th
    49 Juanr : Summa767 that is a good point, the one related to the embraers as regional planes, however, do you know if an Embraer 170/190 can land in relatively s
    50 IslipWN : Where is Liechtenstein located? I have never heard of it before. Joe
    51 Juanr : IslipWN: take a map, try to find it in Europe, between Austria and Switzerland. JUAN SKBO
    52 Summa767 : juanr, I don't really know how the Embraer family performs on short and challenging runways. If somebody could shine a light I'd be grateful. I know t
    53 RCS763av : Remember Manizales is getting a new airport with a 2000m runway soon.
    54 Airplane : I think AV can easily fill a B744 on the BOG-MAD and BOG-JFK routes that's tough man, keep in mind a 744 might hold an average of 450 seats. Keep in m
    55 AV757 : The latest news released today on Avianca possible offer by the pilots was released this afternoon by ACDAC to all its members is the following transl
    56 Juanr : Airplane: I said that they could fill a 744 not that it was cheap to do it, there is enough market for those routes. AV757: Good to know that the pilo
    57 Post contains links and images 757MDE : Summa767 that is a good point, the one related to the embraers as regional planes, however, do you know if an Embraer 170/190 can land in relatively s
    58 MATURRO727 : Hey Let's just wait and listen the CAPITAL INVESTMENT COMPANY's offer and see what the airline decides, let's hope that this proposal improves the sin
    59 RCS763av : Yes, the Palestina airport is what im talking about. It would be nice to see what Capital Investment is to offer.
    60 A300AA : Hope to see a new AV soon, with new capital, and new livery. I dont understand why the media dont want to announce the other capital investor. Can the
    61 Av757 : Yes it is still possible to bid for the company, time runs out officially next week on Friday, The media will not announce this issue since, it is ext
    62 MATURRO727 : Hey although AV is listening the CAPITAL INVESTMENT COMPANY's offer, my money goes to Sinergys offer, CIC needs to examine AV financial numbers, and t
    63 Summa767 : In an interview published in Bogota's El Tiempo, Germán Efromovich says that assuming his bid is finally cleared, 3 airplanes will be added to the fl
    64 RCS763av : Semana and Portafolio say that the fleet renewal will start in 2008 or 2010...oh god, the Colombian media!
    65 MATURRO727 : Hey Summa767: do you know what is the reg. of these planes, or their are unknown ?
    66 A300AA : Will they serve additional routes? Or just adding frequencies to some destinations, any rumors?
    67 RCS763av : Efromovich said he wants to add new international destinations.
    68 Bogota : Which would include Americas, Europe and even Asia according to the interview on the newspaper. I guess there is nothing wrong with having high aspira
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