AEROFAN
Posts: 1439
Joined: Wed Aug 04, 2004 9:47 am

Continental Purchase Of Avianca

Sat Aug 07, 2004 11:34 pm

Does anyone know if CO managed to purchase Avianca?
 
EddieDude
Posts: 6305
Joined: Fri Nov 14, 2003 10:19 am

RE: Continental Purchase Of Avianca

Sat Aug 07, 2004 11:50 pm

I believe that Brazilian company OceanAir's offer was more valuable. In any case, I don't think it is a fait accompli because the bankruptcy court in the U.S. needs to authorize the transaction (although that may have happened already... I was away from home and from a.net most of July and something could have happened then).
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Southamerica
Posts: 2303
Joined: Tue Dec 02, 2003 2:56 am

RE: Continental Purchase Of Avianca

Sat Aug 07, 2004 11:59 pm


EddieDude basically hit on the nail. Several proposals were made, between which Synergy/OceanAir's bid was selected by Avianca as the best one.

I think the judge is supposed to approve the plan this or next month, I really don't know for sure. But, until then, Continental or any other company that wishes to make business with AV may still dig in and make second -more attractive- bid.


SOUTHAMERICA
 
ACES320
Posts: 292
Joined: Sun Mar 07, 2004 9:50 am

RE: Continental Purchase Of Avianca

Sun Aug 08, 2004 4:57 am

CO offer was more appealing for me but just time will tell. Something will be surrended in the process anyway
LHR, BHX, EDI, BKK, USM, CNX, PHU, GRU,PEI, BOG, CTG, CPH, AMS, DOH, DXB, FRA, MAD and always PEI

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