Avianca’s cargo business takes off in 2009
Written by thomas · Filed Under CommercialAugust 10, 2009
The airline reports cargo revenues in the first quarter of 2009 represents 17% of the total revenue generated by the Synergy Group’s Colombian affiliate, up from 5% in 2008. This is the direct result of the airline’s acquisition of all cargo carrier, Tampa Cargo. This has also helped it to obtain Double A rating for its bond issuing from Fitch Ratings Colombia.
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