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Who Are The Owners Of LatinAmerican Airlines?  
User currently offlineAero From Germany, joined Oct 2004, 181 posts, RR: 3
Posted (8 years 9 months 3 weeks 4 days 22 hours ago) and read 4299 times:

Guys:

Was wondering who are the current owners of LatAm Airlines nowadays and which of them still remain state-owned Airlines?.

Some countries would rather see their flag-carrier run by the government again, others are doing much better since they were privatized.

Who are the owners of TACA? - and is LAB Bolivia run by the Bolivian government? - What happened to the rich shareholders of Avensa - Venezuela?

Would love to see some updates on this...

Thanks and keep flying!

Aero


LAN...the star of the Latin American skies
20 replies: All unread, jump to last
 
User currently offlineLuisde8cd From Pitcairn Islands, joined Aug 2004, 2571 posts, RR: 31
Reply 1, posted (8 years 9 months 3 weeks 4 days 20 hours ago) and read 4271 times:

Quoting Aero (Thread starter):
What happened to the rich shareholders of Avensa - Venezuela?

The son of Avensa's main share holder (Lord Boulton) was kidnapped in 2001 and freed in 2002, the family simply decided to leave the country and forget about avensa.

Saludos desde Caracas,
Luis


User currently offlineCessnaLady From Mexico, joined May 2004, 310 posts, RR: 4
Reply 2, posted (8 years 9 months 3 weeks 4 days 20 hours ago) and read 4263 times:

In Mexico:

The flamant new owner of MX is Grupo Posadas, a hotel and hospitality holding company who also owns Hoteles Fiesta Americana, Fiesta Inn and The Explorean, as well as the Caesar Park hotels in South America. I understand this company is publicly-owned, under the controlling stake of Gastón Azcárraga.

AM remains under the control of holding company CINTRA, which is controlled by the Mexican estate. I guess you can still stay AM is government-run.

Miguel Alemán (formerly major stock owner of media mogul Televisa, former governor of the state of Veracruz, and son of the late Miguel Alemán, president of Mexico (1940-1946)) is the owner of new start-up Interjet.

Pedro Aspe, former minister of finance (1982-1988) presides over new start-up Avolar.

Marie


User currently offlineAero From Germany, joined Oct 2004, 181 posts, RR: 3
Reply 3, posted (8 years 9 months 3 weeks 4 days 19 hours ago) and read 4249 times:

Quoting Luisde8cd (Reply 1):
The son of Avensa's main share holder (Lord Boulton) was kidnapped in 2001 and freed in 2002, the family simply decided to leave the country and forget about avensa.

Sad...i remember my time in Venezuela, when AVENSA used to be an Airline with Future! -Who owns Aeropostal btw? - Well i guess i don´t need to ask about Conviasa.  Wink

Quoting CessnaLady (Reply 2):
AM remains under the control of holding company CINTRA, which is controlled by the Mexican estate. I guess you can still stay AM is government-run.

Marie...Do you know if the mexican government is planning to sell AM?

Rgds,

Aero



LAN...the star of the Latin American skies
User currently offlineKomododx From , joined Dec 1969, posts, RR:
Reply 4, posted (8 years 9 months 3 weeks 4 days 18 hours ago) and read 4234 times:

Avianca (Colombia), Wayra (Peru), Icaro (Equador, all though not 100% sure on this one), and OceanAir (Brazil), are all owned by Synergy Aerospace, headed by Brazilian entrepreneur German Efromovich.


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AeroRepublica (Colombia) is now (mostly) owned by CM, which, in turn, 49% of the company is owned by CO.


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Basically most airlines in Latin America are privately owned, except for a few that are state owned through the local air forces, such as TAME (Transportes Aereos Militares de Ecuador) and SATENA (Servicio Aereo a Territorios Nacionales, operated by the Colombian Air Force). Both airlines operate a modern fleet of A320 and E145, respectively.


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Stefano  wave 


User currently offlineLH526 From Germany, joined Aug 2000, 2370 posts, RR: 14
Reply 5, posted (8 years 9 months 3 weeks 4 days 18 hours ago) and read 4223 times:
AIRLINERS.NET CREW
FORUM MODERATOR

Hollla! Pablo,

long time no chat  Smile
It appears that the chilean government is thinking about selling it's last stakes in LAN (depending on who will win this months parliament election) and it is rumoured that Cueto will buy them.

Mario
LH526



Trittst im Morgenrot daher, seh ich dich im Strahlenmeer ...
User currently offlineRCS763AV From Colombia, joined Jun 2004, 4395 posts, RR: 12
Reply 6, posted (8 years 9 months 3 weeks 4 days 18 hours ago) and read 4211 times:

Quoting Komododx (Reply 4):
Icaro (Equador, all though not 100% sure on this one

Its VIP not Icaro, VIP has a small fleet of Do328s.

The owner of Varig is the Rubem Berta foundation, the owner or AR is the Marsans Group and Conviasa is owned by the Venezuelan government.

[Edited 2005-12-03 17:27:13]


Les escribo desde el frío de mi verde altiplano.
User currently offlineEddieDude From Mexico, joined Nov 2003, 7584 posts, RR: 43
Reply 7, posted (8 years 9 months 3 weeks 4 days 15 hours ago) and read 4157 times:

Quoting CessnaLady (Reply 2):
Pedro Aspe, former minister of finance (1982-1988) presides over new start-up Avolar

Not sure about that. A Volar is the one with the orange livery that is flying a 735 out of TIJ, right? If so, I don't know who the owners are. Pedro Aspe is the head of an investment bank called Protego. Protego (together with venture capital investors Discovery Americas), SINCA Inbursa (Inbursa's private equity fund), Televisa and TACA own, each, 25% of Vuela, which will have an all-A32x fleet.

Who owns AeroCalifornia, Aeromar, Líneas Aéreas Azteca and Aviacsa? I believe a Mr. Leonardo Sánchez Ávalos was the controlling shareholder of ZE but I believe new investors have acquired ZE shares lately.

Quoting Aero (Reply 3):
Marie...Do you know if the mexican government is planning to sell AM?

Yes, they said they want to make an offer of 100% of AM's capital stock in the Mexican Stock Exchange in 2006. I don't really see this happening. On the other hand, Globalia (UX' parent) really wanted to get 25% of AM and they will probably want to form a new consortium to make a new bid in the future.



Next flights: MEX-GRU (AM 77E), GRU-GIG (JJ A320), SDU-CGH (G3 73H), GRU-MEX (JJ A332).
User currently offlineTACAA320 From , joined Dec 1969, posts, RR:
Reply 8, posted (8 years 9 months 3 weeks 4 days 14 hours ago) and read 4140 times:

Kriete family [a Salvadoran one] is the mainly owner of TA.

User currently offline757MDE From Colombia, joined Sep 2004, 1753 posts, RR: 6
Reply 9, posted (8 years 9 months 3 weeks 4 days 13 hours ago) and read 4116 times:

Quoting Komododx (Reply 4):
Basically most airlines in Latin America are privately owned, except for a few that are state owned through the local air forces, such as TAME (Transportes Aereos Militares de Ecuador) and SATENA (Servicio Aereo a Territorios Nacionales, operated by the Colombian Air Force). Both airlines operate a modern fleet of A320 and E145, respectively.

Tame operates A320, 727 and F-28 (ordering some E-170s) Satena operates ERJ-145s and Do-328s



I gladly accept donations to pay for flight hours! This thing draws man...
User currently offlineN1120A From United States of America, joined Dec 2003, 26501 posts, RR: 75
Reply 10, posted (8 years 9 months 3 weeks 4 days 13 hours ago) and read 4109 times:

Quoting EddieDude (Reply 7):
Who owns AeroCalifornia

The controversial Raul Arechiga owns AeroCalifornia



Mangeons les French fries, mais surtout pratiquons avec fierte le French kiss
User currently offlinePlunafan From Uruguay, joined Jul 2005, 124 posts, RR: 0
Reply 11, posted (8 years 9 months 3 weeks 4 days 13 hours ago) and read 4106 times:

Pluna: 49% Varig, 48% Uruguayan Government, 2% Local investors and 1% PU's employees.

Quoting RCS763AV (Reply 6):
AR is the Marsans Group

Marsans owns 96,5%, 1,5% Argentinian Government and 3% employees and other investors.


User currently offlineEddieDude From Mexico, joined Nov 2003, 7584 posts, RR: 43
Reply 12, posted (8 years 9 months 3 weeks 4 days 13 hours ago) and read 4102 times:

Didn't RG already sell its stake in PU?

Thanks Alireza, I just read that too in JR's thread.



Next flights: MEX-GRU (AM 77E), GRU-GIG (JJ A320), SDU-CGH (G3 73H), GRU-MEX (JJ A332).
User currently offlineAtnight From United States of America, joined Dec 2005, 606 posts, RR: 1
Reply 13, posted (8 years 9 months 3 weeks 4 days 13 hours ago) and read 4094 times:

I also want to know who owns LAB, because isn't LAB the new owner of Ecuatoriana? Which btw, what ever happened to LAB restarting Ecuatoriana operations? Wasn't that what LAB was suppose to do when they bought it?


B707 B727 B733/5/7/8/9 B742/4 B752/3 B763/4 B772 A310 A318/319/320 A332 A343 MD80 DC9/10 CRJ200 ERJ145 ERJ-170 Be1900 Da
User currently offlinePlunafan From Uruguay, joined Jul 2005, 124 posts, RR: 0
Reply 14, posted (8 years 9 months 3 weeks 4 days 12 hours ago) and read 4072 times:

Quoting EddieDude (Reply 12):
Didn't RG already sell its stake in PU?

No, they're waiting an authorization by the Brazilian justice.


User currently offlinePdpsol From United States of America, joined Feb 2004, 1116 posts, RR: 5
Reply 15, posted (8 years 9 months 3 weeks 4 days 11 hours ago) and read 4060 times:

LAN Airlines SA is owned:

27.3% by the Cueto Group [Mr. Juan José Cueto Plaza, Mr. Ignacio Cueto Plaza, Mr. Enrique Cueto Plaza and certain members of their family]

27.3% by the Pinera Group [Mr. Sebastián Piñera Echenique and certain members of his family]

10.0% by a Director/Board Member of LAN Airlines SA, Mr. Ramon Eblen Cadiz

35.4% by "Float", outside, public investors, such as institutional investors [mutual funds, insurance companies, hedge funds, pension funds] and retail investors

TOTAL = 100.0%

LAN's controlling shareholders, Cueto and Pinera have a shareholders' agreement defining the terms under which each party can sell shares to third parties.


User currently offlinePdpsol From United States of America, joined Feb 2004, 1116 posts, RR: 5
Reply 16, posted (8 years 9 months 3 weeks 4 days 11 hours ago) and read 4052 times:

Regarding LAN Airlines SA, I should add the corporation [a Chilean "Sociedad Anónima" corporation] has:

- 318,909,090 common shares outstanding, with one current American Depository Share [ADS] representing 5 common shares. LAN trades on the Santiago Stock Exchange and the New York Stock Exchange [NYSE] under the ticker symbol, "LFL"

- latest ADS shareprice of USD 37.44 on the NYSE

- current market capitalization of [37.44*(318.91/5)] = USD 2,388 million

- the current value of each controlling shareholding group's [Cueto and Pinera] interest in LAN Airlines SA is USD 652 million

- of course, if anyone WANTED to buy control of LAN from these groups, they would need to pay a SIGNIFICANT "control premium" over and above this AND compensate the "minority" investors with the same value.

- I estimate [and this is just an estimate] a takeover of LAN would require a premium of at least 40%, which would value the company at OVER USD 3.3 billion!

- I should emphasize no one believes the controlling groups have any interest in selling their stakes in LAN. If anything, they want to continue growing the company!


User currently offlineAero From Germany, joined Oct 2004, 181 posts, RR: 3
Reply 17, posted (8 years 9 months 3 weeks 4 days 10 hours ago) and read 4036 times:

Hi There:

Quoting Pdpsol (Reply 15):
LAN's controlling shareholders, Cueto and Pinera have a shareholders' agreement defining the terms under which each party can sell shares to third parties.

wow Pdpsol, you´re really very well informed. No need in adding anything at all. Thanks.  Smile

Quoting Atnight (Reply 13):
I also want to know who owns LAB, because isn't LAB the new owner of Ecuatoriana? Which btw, what ever happened to LAB restarting Ecuatoriana operations? Wasn't that what LAB was suppose to do when they bought it?

Good question. I thought however that LAN bought traffic rights from Ecuatoriana de Aviación (LANEcuador) from the government.

Quoting Plunafan (Reply 11):
Pluna: 49% Varig, 48% Uruguayan Government, 2% Local investors and 1% PU's employees.

Any expansions plan from Pluna? And is Pluna suffering from Varig´s financial weakness? - BTW: What does PLUNA mean?


[quote=LH526,reply=5]Hollla! Pablo,

long time no chat
It appears that the chilean government is thinking about selling it's last stakes in LAN (depending on who will win this months parliament election) and it is rumoured that Cueto will buy them.

Hola Mario,
lange nix mehr gehört!
True, Piñera has announced to to sell his stake on LAN if he wins the election next week, time will tell! - However my guess is that LAN will remain by the current owners.

Rgds,
Aero



LAN...the star of the Latin American skies
User currently offlinePdpsol From United States of America, joined Feb 2004, 1116 posts, RR: 5
Reply 18, posted (8 years 9 months 3 weeks 4 days 10 hours ago) and read 4018 times:

Quoting Aero (Reply 17):
BTW: What does PLUNA mean?

Primeras Líneas Uruguayas de Navegación Aérea [PLUNA]

or

Pocos Locos Usan Nuestros Aviones [PLUNA]

Just kidding, I have flown PU many times and love their friendly service.

While RG is still the formal 49% owner of PU, it has relinquished management of the carrier.

The Uruguayan government and RG have been negotiating the sale of RG's 49% stake to a third party. Rumored interested parties include a British private equity firm specializing in emerging markets called Ashmore and Chavez' crazy, state-owned fantasy airline called Conviasa.


User currently offlinePlunafan From Uruguay, joined Jul 2005, 124 posts, RR: 0
Reply 19, posted (8 years 9 months 3 weeks 4 days 10 hours ago) and read 4010 times:

Quoting Aero (Reply 17):
Any expansions plan from Pluna?

More frequencies to MAD, route MVD-REC-TFN and MVD-CCS.

Quoting Aero (Reply 17):
is Pluna suffering from Varig´s financial weakness?

YES, especially between 2000 and 2002. 2003 and 2004 were better years for Pluna.

Quoting Aero (Reply 17):
What does PLUNA mean?

Primeras Lineas Uruguayas de Navegacion Aerea. Since 1994 (when RG bought 49% of PU) is PLUNA Lineas Aereas Uruguayas S.A.


User currently offlineAero From Germany, joined Oct 2004, 181 posts, RR: 3
Reply 20, posted (8 years 9 months 3 weeks 2 days 13 hours ago) and read 3903 times:

What happened actually with "TRANSBRASIL"...Why Did the disappear from the market? - Anything to do with VASP bankruptcy?


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Does anybody know about the ownership of LAB Bolivia?

Rgds,
Aero



LAN...the star of the Latin American skies
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