Colombian airline acquires controlling stake in Chilean carrier

Sky Airline (Chile) and AviancaTaca Holdings have concluded a Memorandum of Understanding (MOU) in which the Colombian group will acquire a controlling 59% stake in the Chilean carrier.
Sky Airline (Chile) and AviancaTaca Holdings have concluded a Memorandum of Understanding (MOU) in which the Colombian group will acquire a controlling 59% stake in the Chilean carrier.
Following 15 months of intense negotiations, the agreement was signed last month by the CEO of Sky Airline, Holger Paulmann, and AviancaTaca Holding majority owner, Germán Efromovich.
“For Avianca and its ambition of being the most prominent airline holding group in Latin America, the Chilean market, despite being small, is extremely important from a strategic point of view and Sky Airline, which has been our business partner in recent years, is ideal for progress in consolidating and advancing our plans to become the leading Latin American airline,” Avianca CEO Fabio Villegas told the Modo Charlie news site.

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