ual777uk From United Kingdom, joined Nov 2005, 3356 posts, RR: 1
Reply 1, posted (3 years 11 months 2 weeks 4 days 11 hours ago) and read 3257 times:
This is a very, very poor translation but you will get the gist of it!
Will be really interesting if it comes off.
Michael O'Leary, Ryanair's chairman, a company that could compete with LAN Peru. Photo: EFE PAL withdraws appeal challenging merger between LAN and TAM domestic passenger traffic in LAN increases over 25% during September Peruvian Airlines acknowledges talks with PAL to compete with LAN Peru announces Pluna Airlines flights to Antofagasta, Calama and Design for View next year másAerolineas LIMA, Oct 26 (Reuters) - Peruvian Airlines expects to close the sale of control of that airline before 15 November to a foreign group, in a deal that was valued at U.S. $ 50 million by its owner said César Cataño.
Peruvian Airlines, which competes in the Peruvian market with a subsidiary of LAN Chile, LAN Peru, has a 16% stake in the airline market in that country, while the figure LAN Chile with a share of at least 60%.
Catano was himself who said that the group interested in buying control of the firm, is comprised of the Irish Ryanair and Aergo.
Representatives from both European airlines were not available to confirm or inquire about the issue, Reuters reported.
The Irish consortium became the Peruvian driver with 65% of the shares of the airline, the ceiling allowed by Peruvian law-Catano said in a telephone conversation.
In less than a month
"Before the November 15 and must be closed this. The decision is made, but they are tallying some points to settle the issue," said the businessman.
The Irish group would seek to establish a "hub" or center of operations in South America through the control of the Peruvian airline, which last August suffered a setback when the government temporarily suspended its operations for the breach of safety standards, he said.
Ryanair is one of the major airlines and recognized among the low cost carriers in Europe, with more than 1,100 routes between 147 airports. It has a fleet of 272 aircraft. Peruvian Airlines, meanwhile, began operations in 2009 with five aircraft covering local routes between Tacna, Iquitos, Lima, Cusco and Arequipa.
Burkhard From Germany, joined Nov 2006, 4519 posts, RR: 2
Reply 2, posted (3 years 11 months 2 weeks 4 days 11 hours ago) and read 3236 times:
If this would happen, this would change aviation in Latin America a lot.
I see the political support for it, Peru is unhappy about the superiority of Chile (and Lima full of memorials of lost wars against them). Peruvian Airlines as it is not many Peruvians use, their 5 737-200 don't look really invinting. A few dozen 737-800 from Europe would fit very well into Humalas plans.
SCL767 From Chile, joined Feb 2006, 8991 posts, RR: 5
Reply 3, posted (3 years 11 months 2 weeks 4 days 10 hours ago) and read 3036 times:
Quoting Burkhard (Reply 2): I see the political support for it, Peru is unhappy about the superiority of Chile (and Lima full of memorials of lost wars against them). Peruvian Airlines as it is not many Peruvians use, their 5 737-200 don't look really invinting. A few dozen 737-800 from Europe would fit very well into Humalas plans.
LAN Perú S.A. is a full service Peruvian carrier based in Lima, Perú that offers very low fares on domestic routes to Peruvian residents. LAN Perú S.A. is building it new headquarters at Callao and will soon increase frequencies on several domestic routes, i.e. LIM-CUZ will increase to 21x daily, LIM-IQT will increase to 5x daily, LIM-PIU will increase to 5x daily, etc. LAN Perú S.A. also has many international flights which feeds its domestic network and will soon enter into a code-share agreement with the Peruvian carrier, LC Busre. This will increase LAN's presence in the Peruvian domestic market since LC Busre is renovating its fleet of regional a/c and operates regional domestic flights to destinations where jet a/c are not yet capable of operating into as yet.