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Efromovich And Varig?  
User currently offlinePPVRA From Brazil, joined Nov 2004, 8974 posts, RR: 39
Posted (9 years 8 months 3 weeks 3 days 7 hours ago) and read 2276 times:

Strong rumors that Mr. Efromovich is looking into Varig. That would be the second brazilian potential investor (other one being Nélson Tanure, owner of Jornal do Brasil)

Efromovich also controls Ocean Air (a Brazilian regional airline) and Avinca, in Colombia.

I think it would be great if he buys RG...

What are your thoughts on the Efromovich and Varig deal?

PPVRA


"If goods do not cross borders, soldiers will" - Frederic Bastiat
13 replies: All unread, jump to last
 
User currently offlinePPVRA From Brazil, joined Nov 2004, 8974 posts, RR: 39
Reply 1, posted (9 years 8 months 3 weeks 3 days 6 hours ago) and read 2240 times:

Quoting PPVRA (Thread starter):
What are your thoughts on the Efromovich and Varig deal?

Or should I say, potential deal.

Cheers,

PPVRA



"If goods do not cross borders, soldiers will" - Frederic Bastiat
User currently offlineSumma767 From United Kingdom, joined Mar 2004, 2569 posts, RR: 6
Reply 2, posted (9 years 8 months 3 weeks 3 days 6 hours ago) and read 2237 times:

Wow! That would be good! It would not interfere with Avianca, but rather complement networks in latin America.
Let us not forget the soon to start up Wayra of Peru and a new Ecuatorian airline that will have F100 fleets.


User currently offlinePPVRA From Brazil, joined Nov 2004, 8974 posts, RR: 39
Reply 3, posted (9 years 8 months 3 weeks 3 days 5 hours ago) and read 2213 times:

Quoting Summa767 (Reply 2):
Wow! That would be good!

Indeed, and it would be nice to see Avianca in Star Alliance (I'm speculating RG would not leave,a nd AV would likely join too) as well.

Cheers,
PPVRA



"If goods do not cross borders, soldiers will" - Frederic Bastiat
User currently offlineBongo From Colombia, joined Oct 2003, 1863 posts, RR: 4
Reply 4, posted (9 years 8 months 3 weeks 3 days 2 hours ago) and read 2176 times:

It is official right now. Mr. Efromovich Already offered USD$ 200 million and would adopt the USD$ 700 million Varig debt. I'm smelling good winds for Avianca !!  Smile


MDE: First airport in the Americas visited by the A380!
User currently offlineEMB195ER From United Kingdom, joined Sep 2004, 254 posts, RR: 8
Reply 5, posted (9 years 8 months 3 weeks 2 days 17 hours ago) and read 2139 times:

Hi guys!

Bomgo, how do you know that it is official?

Where did you get this information?

Hugs,

EMB195ER


User currently offlineAloges From Germany, joined Jan 2006, 8764 posts, RR: 42
Reply 6, posted (9 years 8 months 3 weeks 2 days 16 hours ago) and read 2131 times:

Let's hope he won't pull a Canhedo in case he succeeds... I'd hate to see that happen to Avianca and Varig!


Walk together, talk together all ye peoples of the earth. Then, and only then, shall ye have peace.
User currently offlineBongo From Colombia, joined Oct 2003, 1863 posts, RR: 4
Reply 7, posted (9 years 8 months 3 weeks 2 days 16 hours ago) and read 2128 times:

Quoting EMB195ER (Reply 5):
Bomgo, how do you know that it is official?

Where did you get this information?

TV Local news yesterday night.

As a side note, two days ago Mr. Efromovich went to the ramp dressed with the red uniform and "solved" many problems, incluiding a 767 flight to MAD delay and so on !!!



MDE: First airport in the Americas visited by the A380!
User currently offlineBongo From Colombia, joined Oct 2003, 1863 posts, RR: 4
Reply 8, posted (9 years 8 months 3 weeks 2 days 16 hours ago) and read 2101 times:

Quoting Bongo (Reply 4):
and would adopt the USD$ 700 million Varig debt

That is the figures according the TV news yesterday, however, today's newspaper said that the debt is USD$ 3.6 billion (USD$ 3.600 million).



MDE: First airport in the Americas visited by the A380!
User currently offlinePPVRA From Brazil, joined Nov 2004, 8974 posts, RR: 39
Reply 9, posted (9 years 8 months 3 weeks 2 days 14 hours ago) and read 2070 times:

Ok, so I just read on http://www.folha.com.br that RG is to decide on an investor within 8 days... Efromovich is one in the list, however, the Portuguese group Pestana is a favorite. I still think Efromovich has a good chance though, he is Brazilian which means he can invest/buy more than a 20% stake in Varig.

Let's hope something happens soon and it alleviates RG's financial conditions!

Cheers,

PPVRA



"If goods do not cross borders, soldiers will" - Frederic Bastiat
User currently offlineGlennpower From Brazil, joined Jul 2004, 102 posts, RR: 0
Reply 10, posted (9 years 8 months 3 weeks 2 days 14 hours ago) and read 2057 times:

Personally i think anyone who buys into RG is wasting money and time on a huge scale.
And if (and thats a big if) they are successfull in turning the company around,it will take a very long time to make money,if you take into account there massive debt and urgent fleet renewal.
I just think it would be better for RG to go under and let JJ take over there intl destinations,but obviously they do not have enough metal to do that,but one can only hope,as they are without doubt Brazils premier airline.


User currently offlineDanimarroquin From Colombia, joined Jan 2005, 450 posts, RR: 0
Reply 11, posted (9 years 8 months 3 weeks 2 days 11 hours ago) and read 2014 times:

This could be great for AV , can you imagine VARIG with the colors like AV but in blue and the sun at the tail .Also , this could means that Avianca would have a base of planes like Varig 737 ,767 ,and 777

now , talking about AV :
any other planes with the new colors ?
Are they going to get another 767 ,so they can replace the one that hit the LAN 767 ?


User currently offlineSumma767 From United Kingdom, joined Mar 2004, 2569 posts, RR: 6
Reply 12, posted (9 years 8 months 3 weeks 2 days 10 hours ago) and read 2002 times:

I think that with such huge debt, Varig's priority won't be the livery. I think that it's great as it anyway. It is good that there will be a larger base of airplanes.
AV will get more planes this year: 10 F100s, 2 MD83s, a 757 and 2 767s. The one that collided with the LAN one is expected to be on service again shortly as the damage is not serious.


User currently offlineJJMNGR From Brazil, joined May 2004, 1018 posts, RR: 15
Reply 13, posted (9 years 8 months 3 weeks 2 days 10 hours ago) and read 2005 times:

TAM has actually 09 A332. The 10th is confirmed for OCT. Think that there are enought aircraft for the main RG routes.
If not, TAM has credit enough in the market to bring more aircrafts if they want


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