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Chances Aeropostal Being Nationalized?  
User currently offlineDeltaDAWG From United States of America, joined May 2006, 776 posts, RR: 1
Posted (7 years 9 months 2 weeks 3 days 15 hours ago) and read 1416 times:

Booked my flight to Maracaibo via Copa Air for this coming February and it got me to thinking.

After reading the news of Chavez's swearing in and the recent government takeovers of the telephone and electrical companies in Venezuela is there any possibility, remote or not, or does Chavez have any intentions to re-nationalize Aeropostal?

I remember that Aeropostal once was a national airline but was privatized in the '90s but does anyone perhaps in Venezuela know if there any other governmental interests in taking back Aeropostal.


GO Dawgs, Sic' em, woof woof woof
7 replies: All unread, jump to last
 
User currently offlineEddieDude From Mexico, joined Nov 2003, 7592 posts, RR: 42
Reply 1, posted (7 years 9 months 2 weeks 3 days 15 hours ago) and read 1413 times:

Knowing him, I would not discard it, but so far I don't think that is in his agenda... he's probably too busy dealing with the telecoms and utilities, and bashing foreign dignataries. And there are a couple of presidential elections in LatAm during 2007, so be sure he will also be busy funding radical left-wingers in the corresponding countries. Add to that his permanent coaching of Evo Morales and his dispensing of cheap oil and gas to poor countries in the region for political reasons... I don't know where he finds the time to say and do so much crap.


Next flights: MEX-GRU (AM 77E), GRU-GIG (JJ A320), SDU-CGH (G3 73H), GRU-MEX (JJ A332).
User currently offlineVenezuela747 From United States of America, joined Jan 2004, 1428 posts, RR: 5
Reply 2, posted (7 years 9 months 2 weeks 3 days 10 hours ago) and read 1356 times:

LOL, it was on the front page of the NEw York times and then a half page inside about the whole Chavez deal and how doing such things sends certain shiver signals to the rest of the stock markets in LatinAmerica


ROLL TIDE!!!
User currently offlineErikgnoha From Venezuela, joined Jun 2006, 214 posts, RR: 4
Reply 3, posted (7 years 9 months 2 weeks 3 days 9 hours ago) and read 1348 times:

Quoting DeltaDAWG (Thread starter):
After reading the news of Chavez's swearing in and the recent government takeovers of the telephone and electrical companies in Venezuela is there any possibility, remote or not, or does Chavez have any intentions to re-nationalize Aeropostal?

I don't think so. They have (the government) their own airline (Conviasa) which I believe they will focus on. In fact, VO is offering by far the best fares and service on the shuttle service between CCS and MAR and also PMV.

If they plan to nationalize Aeropostal I believe it would be a bad idea, since this airline already has a bad reputation, Conviasa, on the other hand, is new and fresh and it is seen with good eyes thanks to their cheap fares and not that old fleet.



Venezuela, donde los suenos renacen
User currently offlineAcheron From Spain, joined Sep 2005, 1672 posts, RR: 2
Reply 4, posted (7 years 9 months 2 weeks 3 days 9 hours ago) and read 1341 times:

The Electricity and Telephone companies are getting nationalized under the reasons that they are too much of a critical infrastructure to be in private hands.
Aeropostal is not critical for the nation's interest(specially if you consider how Ramiz managed it), so no, it won't happen.


User currently offlineMD13 From Venezuela, joined Dec 2006, 24 posts, RR: 0
Reply 5, posted (7 years 9 months 2 weeks 3 days 7 hours ago) and read 1315 times:

Give him some time, he has a lot of work to do this year.... But maybe in two or three years you will only see orange tails at CCS domestic terminal, just wait until he reailzes the potential of Conviasa and wants to get rid of all of those airlines that rip off the people with their overpriced tickets    Wink

[Edited 2007-01-11 04:13:25]

User currently offlineDeltaDAWG From United States of America, joined May 2006, 776 posts, RR: 1
Reply 6, posted (7 years 9 months 2 weeks 2 days 21 hours ago) and read 1251 times:

Either Conviasa or Aeropostal, I will keep flying Copa to Maracaibo.

If the price of oil keeps falling maybe he won't have enough cash to buy out companies and keep the S. American stock markets in a frenzy?

We can only hope.



GO Dawgs, Sic' em, woof woof woof
User currently offline777jaah From Colombia, joined Jan 2006, 1403 posts, RR: 0
Reply 7, posted (7 years 9 months 2 weeks 2 days 21 hours ago) and read 1241 times:

Quoting Erikgnoha (Reply 3):
If they plan to nationalize Aeropostal I believe it would be a bad idea

Well, if Chavez has anything, is bad ideas, and have plenty of them.

Quoting DeltaDAWG (Reply 6):
If the price of oil keeps falling maybe he won't have enough cash to buy out companies and keep the S. American stock markets in a frenzy?

In fact, latam stock markets have fall pretty much this year, mainly because the price of oil falling and Chavez nice comments and announcements, which make every investor around here a bit nervous. Oil would have to fall into the range of U$ 20-30 per barrel for Chavez to start feeling pressure into his pockets, otherwise, he'll keep having enough cash to keep throwing away for political reasons. Just my  twocents  (At this right moment oil is trading at $53.50, ad seems to keep falling below the 50s).

Quoting Acheron (Reply 4):
Aeropostal is not critical for the nation's interest(specially if you consider how Ramiz managed it), so no, it won't happen.



Quoting MD13 (Reply 5):
Give him some time, he has a lot of work to do this year.... But maybe in two or three years you will only see orange tails at CCS domestic terminal

He will get into many economic aspects of Venezuela's private economy...just give him some time. I read carefully his possesion speech, and is was extremly socialist. Chavez won't surprise me anymore, I hope.

Cheers


JAAH



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