latinaviation
Posts: 1162
Joined: Tue Nov 04, 2003 11:25 pm

LAB Acquires AeroSur

Sat Oct 02, 2004 12:03 am

Bolivia's El Mundo newspaper is reporting that Ernesto Asbun, owner of LAB, through partnerships, has acquired a majorty of AeroSur. Asbun bought into a holding company called Huv Air, in addition to his own 19.3% stake in the airline. Asbun commented, "the intention is to fortify to the national aeronautical sector. What we are doing is to revitalize it after two years of difficult conditions. This is a very positive situation to enter a combination of operations with AeroSur."

The full article, in Spanish, can be found at:
http://www.elmundo.com.bo/Secundaria.asp?edicion=01/10/2004&Tipo=Economia&Cod=2219
 
backfire
Posts: 3467
Joined: Fri Oct 06, 2006 8:01 am

RE: LAB Acquires AeroSur

Sat Oct 02, 2004 2:46 am

That's not what I heard. I thought he only acquired a very small stake (about 6%) in Aerosur indirectly through Huv Air.
 
latinaviation
Posts: 1162
Joined: Tue Nov 04, 2003 11:25 pm

RE: LAB Acquires AeroSur

Sat Oct 02, 2004 3:06 am

He did acquire it through Huv plus, iirc, he held a certain amount of his own and the combination allows some type of management control. It's not 100% of the total stock, but enough to leverage management control. Clearly, in the aforementioned article, LB and 5L would not be speaking to the press together unless it was somewhat amicable.
 
757MDE
Posts: 1451
Joined: Sat Sep 11, 2004 11:45 am

RE: LAB Acquires AeroSur

Sat Oct 02, 2004 4:04 am

haven't they thought on merging?

would this operation suppose an Intra-Bolivian monopoly?
Quisiera volveraamartevolveraquerertevolveratenertecerrrrcaademígirl! Mis ojos lloran porrr ti...
 
123
Posts: 616
Joined: Sat Nov 29, 2003 3:49 am

RE: LAB Acquires AeroSur

Sat Oct 02, 2004 4:28 am



I already posted this a few days ago:
http://www.airliners.net/discussions/general_aviation/read.main/1760060/

Regards!

123
 
latinaviation
Posts: 1162
Joined: Tue Nov 04, 2003 11:25 pm

RE: LAB Acquires AeroSur

Sat Oct 02, 2004 5:37 am