Luisde8cd From Venezuela, joined Aug 2004, 2431 posts, RR: 33 Reply 1, posted (2 years 12 months 4 days 10 hours ago) and read 778 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
Viasa we miss you!. Good times will return after Chavez is gone!
CessnaLady From Mexico, joined May 2004, 296 posts, RR: 3 Reply 2, posted (2 years 12 months 4 days 9 hours ago) and read 770 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.
Aero From Germany, joined Oct 2004, 181 posts, RR: 3 Reply 3, posted (2 years 12 months 4 days 8 hours ago) and read 756 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.
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?
Komododx From , joined Dec 1969, posts, RR: Reply 4, posted (2 years 12 months 4 days 8 hours ago) and read 741 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.
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.
LH526 From Germany, joined Aug 2000, 1581 posts, RR: 11 Reply 5, posted (2 years 12 months 4 days 8 hours ago) and read 730 times:
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.
Mario
LH526
Trittst im Morgenrot daher, seh ich dich im Strahlenmeer ...
EddieDude From Mexico, joined Nov 2003, 4501 posts, RR: 27 Reply 7, posted (2 years 12 months 4 days 5 hours ago) and read 664 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.
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.
757MDE From Colombia, joined Sep 2004, 1108 posts, RR: 4 Reply 9, posted (2 years 12 months 4 days 3 hours ago) and read 623 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!
Atnight From Ecuador, joined Dec 2005, 517 posts, RR: 0 Reply 13, posted (2 years 12 months 4 days 2 hours ago) and read 601 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?
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.
Pdpsol From United States, joined Feb 2004, 811 posts, RR: 5 Reply 16, posted (2 years 12 months 4 days 1 hour ago) and read 559 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!
Aero From Germany, joined Oct 2004, 181 posts, RR: 3 Reply 17, posted (2 years 12 months 4 days ago) and read 543 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.
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.
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.
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