AEROFAN
Posts: 1406
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: 6216
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: 2300
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
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