Aero
Topic Author
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Who Are The Owners Of LatinAmerican Airlines?

Sat Dec 03, 2005 9:20 pm

Guys:

Was wondering who are the current owners of LatAm Airlines nowadays and which of them still remain state-owned Airlines?.

Some countries would rather see their flag-carrier run by the government again, others are doing much better since they were privatized.

Who are the owners of TACA? - and is LAB Bolivia run by the Bolivian government? - What happened to the rich shareholders of Avensa - Venezuela?

Would love to see some updates on this...

Thanks and keep flying!

Aero
LAN...the star of the Latin American skies
 
luisde8cd
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RE: Who Are The Owners Of LatinAmerican Airlines?

Sat Dec 03, 2005 11:09 pm

Quoting Aero (Thread starter):
What happened to the rich shareholders of Avensa - Venezuela?

The son of Avensa's main share holder (Lord Boulton) was kidnapped in 2001 and freed in 2002, the family simply decided to leave the country and forget about avensa.

Saludos desde Caracas,
Luis
 
cessnalady
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RE: Who Are The Owners Of LatinAmerican Airlines?

Sat Dec 03, 2005 11:42 pm

In Mexico:

The flamant new owner of MX is Grupo Posadas, a hotel and hospitality holding company who also owns Hoteles Fiesta Americana, Fiesta Inn and The Explorean, as well as the Caesar Park hotels in South America. I understand this company is publicly-owned, under the controlling stake of Gastón Azcárraga.

AM remains under the control of holding company CINTRA, which is controlled by the Mexican estate. I guess you can still stay AM is government-run.

Miguel Alemán (formerly major stock owner of media mogul Televisa, former governor of the state of Veracruz, and son of the late Miguel Alemán, president of Mexico (1940-1946)) is the owner of new start-up Interjet.

Pedro Aspe, former minister of finance (1982-1988) presides over new start-up Avolar.

Marie
 
Aero
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RE: Who Are The Owners Of LatinAmerican Airlines?

Sun Dec 04, 2005 12:39 am

Quoting Luisde8cd (Reply 1):
The son of Avensa's main share holder (Lord Boulton) was kidnapped in 2001 and freed in 2002, the family simply decided to leave the country and forget about avensa.

Sad...i remember my time in Venezuela, when AVENSA used to be an Airline with Future! -Who owns Aeropostal btw? - Well i guess i don´t need to ask about Conviasa.  Wink

Quoting CessnaLady (Reply 2):
AM remains under the control of holding company CINTRA, which is controlled by the Mexican estate. I guess you can still stay AM is government-run.

Marie...Do you know if the mexican government is planning to sell AM?

Rgds,

Aero
LAN...the star of the Latin American skies
 
komododx
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RE: Who Are The Owners Of LatinAmerican Airlines?

Sun Dec 04, 2005 12:54 am

Avianca (Colombia), Wayra (Peru), Icaro (Equador, all though not 100% sure on this one), and OceanAir (Brazil), are all owned by Synergy Aerospace, headed by Brazilian entrepreneur German Efromovich.


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AeroRepublica (Colombia) is now (mostly) owned by CM, which, in turn, 49% of the company is owned by CO.


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Basically most airlines in Latin America are privately owned, except for a few that are state owned through the local air forces, such as TAME (Transportes Aereos Militares de Ecuador) and SATENA (Servicio Aereo a Territorios Nacionales, operated by the Colombian Air Force). Both airlines operate a modern fleet of A320 and E145, respectively.


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Stefano  wave 
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LH526
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RE: Who Are The Owners Of LatinAmerican Airlines?

Sun Dec 04, 2005 1:11 am

Hollla! Pablo,

long time no chat  Smile
It appears that the chilean government is thinking about selling it's last stakes in LAN (depending on who will win this months parliament election) and it is rumoured that Cueto will buy them.

Mario
LH526
Trittst im Morgenrot daher, seh ich dich im Strahlenmeer ...
 
RCS763AV
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RE: Who Are The Owners Of LatinAmerican Airlines?

Sun Dec 04, 2005 1:26 am

Quoting Komododx (Reply 4):
Icaro (Equador, all though not 100% sure on this one

Its VIP not Icaro, VIP has a small fleet of Do328s.

The owner of Varig is the Rubem Berta foundation, the owner or AR is the Marsans Group and Conviasa is owned by the Venezuelan government.

[Edited 2005-12-03 17:27:13]
 
EddieDude
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RE: Who Are The Owners Of LatinAmerican Airlines?

Sun Dec 04, 2005 4:00 am

Quoting CessnaLady (Reply 2):
Pedro Aspe, former minister of finance (1982-1988) presides over new start-up Avolar

Not sure about that. A Volar is the one with the orange livery that is flying a 735 out of TIJ, right? If so, I don't know who the owners are. Pedro Aspe is the head of an investment bank called Protego. Protego (together with venture capital investors Discovery Americas), SINCA Inbursa (Inbursa's private equity fund), Televisa and TACA own, each, 25% of Vuela, which will have an all-A32x fleet.

Who owns AeroCalifornia, Aeromar, Líneas Aéreas Azteca and Aviacsa? I believe a Mr. Leonardo Sánchez Ávalos was the controlling shareholder of ZE but I believe new investors have acquired ZE shares lately.

Quoting Aero (Reply 3):
Marie...Do you know if the mexican government is planning to sell AM?

Yes, they said they want to make an offer of 100% of AM's capital stock in the Mexican Stock Exchange in 2006. I don't really see this happening. On the other hand, Globalia (UX' parent) really wanted to get 25% of AM and they will probably want to form a new consortium to make a new bid in the future.
Next flights: MEX-LAX AM 738, LAX-PVG DL 77L, SHA-PEK CA 789, PEK-PVG CA A332, PVG-ORD MU 77W, ORD-MEX AM 738
 
TACAA320
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RE: Who Are The Owners Of LatinAmerican Airlines?

Sun Dec 04, 2005 5:22 am

Kriete family [a Salvadoran one] is the mainly owner of TA.
'Science without religion is lame, religion without science is blind'. Albert Einstein
 
757MDE
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RE: Who Are The Owners Of LatinAmerican Airlines?

Sun Dec 04, 2005 6:04 am

Quoting Komododx (Reply 4):
Basically most airlines in Latin America are privately owned, except for a few that are state owned through the local air forces, such as TAME (Transportes Aereos Militares de Ecuador) and SATENA (Servicio Aereo a Territorios Nacionales, operated by the Colombian Air Force). Both airlines operate a modern fleet of A320 and E145, respectively.

Tame operates A320, 727 and F-28 (ordering some E-170s) Satena operates ERJ-145s and Do-328s
Quisiera volveraamartevolveraquerertevolveratenertecerrrrcaademígirl! Mis ojos lloran porrr ti...
 
N1120A
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RE: Who Are The Owners Of LatinAmerican Airlines?

Sun Dec 04, 2005 6:09 am

Quoting EddieDude (Reply 7):
Who owns AeroCalifornia

The controversial Raul Arechiga owns AeroCalifornia
Mangeons les French fries, mais surtout pratiquons avec fierte le French kiss
 
plunafan
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RE: Who Are The Owners Of LatinAmerican Airlines?

Sun Dec 04, 2005 6:10 am

Pluna: 49% Varig, 48% Uruguayan Government, 2% Local investors and 1% PU's employees.

Quoting RCS763AV (Reply 6):
AR is the Marsans Group

Marsans owns 96,5%, 1,5% Argentinian Government and 3% employees and other investors.
 
EddieDude
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RE: Who Are The Owners Of LatinAmerican Airlines?

Sun Dec 04, 2005 6:12 am

Didn't RG already sell its stake in PU?

Thanks Alireza, I just read that too in JR's thread.
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atnight
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RE: Who Are The Owners Of LatinAmerican Airlines?

Sun Dec 04, 2005 6:33 am

I also want to know who owns LAB, because isn't LAB the new owner of Ecuatoriana? Which btw, what ever happened to LAB restarting Ecuatoriana operations? Wasn't that what LAB was suppose to do when they bought it?
B707 B727 B733/5/7/8/9 B742/4 B752/3 B763/4 B772 A310 A318/319/320 A332 A343 MD80 DC9/10 CRJ200 ERJ145 ERJ-170 Be1900 Da
 
plunafan
Posts: 122
Joined: Sun Jul 03, 2005 8:50 am

RE: Who Are The Owners Of LatinAmerican Airlines?

Sun Dec 04, 2005 7:38 am

Quoting EddieDude (Reply 12):
Didn't RG already sell its stake in PU?

No, they're waiting an authorization by the Brazilian justice.
 
PDPsol
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RE: Who Are The Owners Of LatinAmerican Airlines?

Sun Dec 04, 2005 7:59 am

LAN Airlines SA is owned:

27.3% by the Cueto Group [Mr. Juan José Cueto Plaza, Mr. Ignacio Cueto Plaza, Mr. Enrique Cueto Plaza and certain members of their family]

27.3% by the Pinera Group [Mr. Sebastián Piñera Echenique and certain members of his family]

10.0% by a Director/Board Member of LAN Airlines SA, Mr. Ramon Eblen Cadiz

35.4% by "Float", outside, public investors, such as institutional investors [mutual funds, insurance companies, hedge funds, pension funds] and retail investors

TOTAL = 100.0%

LAN's controlling shareholders, Cueto and Pinera have a shareholders' agreement defining the terms under which each party can sell shares to third parties.
 
PDPsol
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RE: Who Are The Owners Of LatinAmerican Airlines?

Sun Dec 04, 2005 8:12 am

Regarding LAN Airlines SA, I should add the corporation [a Chilean "Sociedad Anónima" corporation] has:

- 318,909,090 common shares outstanding, with one current American Depository Share [ADS] representing 5 common shares. LAN trades on the Santiago Stock Exchange and the New York Stock Exchange [NYSE] under the ticker symbol, "LFL"

- latest ADS shareprice of USD 37.44 on the NYSE

- current market capitalization of [37.44*(318.91/5)] = USD 2,388 million

- the current value of each controlling shareholding group's [Cueto and Pinera] interest in LAN Airlines SA is USD 652 million

- of course, if anyone WANTED to buy control of LAN from these groups, they would need to pay a SIGNIFICANT "control premium" over and above this AND compensate the "minority" investors with the same value.

- I estimate [and this is just an estimate] a takeover of LAN would require a premium of at least 40%, which would value the company at OVER USD 3.3 billion!

- I should emphasize no one believes the controlling groups have any interest in selling their stakes in LAN. If anything, they want to continue growing the company!
 
Aero
Topic Author
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RE: Who Are The Owners Of LatinAmerican Airlines?

Sun Dec 04, 2005 9:05 am

Hi There:

Quoting Pdpsol (Reply 15):
LAN's controlling shareholders, Cueto and Pinera have a shareholders' agreement defining the terms under which each party can sell shares to third parties.

wow Pdpsol, you´re really very well informed. No need in adding anything at all. Thanks.  Smile

Quoting Atnight (Reply 13):
I also want to know who owns LAB, because isn't LAB the new owner of Ecuatoriana? Which btw, what ever happened to LAB restarting Ecuatoriana operations? Wasn't that what LAB was suppose to do when they bought it?

Good question. I thought however that LAN bought traffic rights from Ecuatoriana de Aviación (LANEcuador) from the government.

Quoting Plunafan (Reply 11):
Pluna: 49% Varig, 48% Uruguayan Government, 2% Local investors and 1% PU's employees.

Any expansions plan from Pluna? And is Pluna suffering from Varig´s financial weakness? - BTW: What does PLUNA mean?


[quote=LH526,reply=5]Hollla! Pablo,

long time no chat
It appears that the chilean government is thinking about selling it's last stakes in LAN (depending on who will win this months parliament election) and it is rumoured that Cueto will buy them.

Hola Mario,
lange nix mehr gehört!
True, Piñera has announced to to sell his stake on LAN if he wins the election next week, time will tell! - However my guess is that LAN will remain by the current owners.

Rgds,
Aero
LAN...the star of the Latin American skies
 
PDPsol
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RE: Who Are The Owners Of LatinAmerican Airlines?

Sun Dec 04, 2005 9:35 am

Quoting Aero (Reply 17):
BTW: What does PLUNA mean?

Primeras Líneas Uruguayas de Navegación Aérea [PLUNA]

or

Pocos Locos Usan Nuestros Aviones [PLUNA]

Just kidding, I have flown PU many times and love their friendly service.

While RG is still the formal 49% owner of PU, it has relinquished management of the carrier.

The Uruguayan government and RG have been negotiating the sale of RG's 49% stake to a third party. Rumored interested parties include a British private equity firm specializing in emerging markets called Ashmore and Chavez' crazy, state-owned fantasy airline called Conviasa.
 
plunafan
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RE: Who Are The Owners Of LatinAmerican Airlines?

Sun Dec 04, 2005 9:38 am

Quoting Aero (Reply 17):
Any expansions plan from Pluna?

More frequencies to MAD, route MVD-REC-TFN and MVD-CCS.

Quoting Aero (Reply 17):
is Pluna suffering from Varig´s financial weakness?

YES, especially between 2000 and 2002. 2003 and 2004 were better years for Pluna.

Quoting Aero (Reply 17):
What does PLUNA mean?

Primeras Lineas Uruguayas de Navegacion Aerea. Since 1994 (when RG bought 49% of PU) is PLUNA Lineas Aereas Uruguayas S.A.
 
Aero
Topic Author
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RE: Who Are The Owners Of LatinAmerican Airlines?

Tue Dec 06, 2005 6:28 am

What happened actually with "TRANSBRASIL"...Why Did the disappear from the market? - Anything to do with VASP bankruptcy?


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Does anybody know about the ownership of LAB Bolivia?

Rgds,
Aero
LAN...the star of the Latin American skies

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