Avianca and TACA have officially closed their shareholder agreement

Written by thomas · Filed Under Commercial 

February 6, 2010

thomas

Having obtained all the approvals needed from the various government agencies, the new joint venture company is now ready to start operating under the name of AVIANCA-TACA Limited, based in the Bahamas. Synergy Group, which controls Avianca, owns 67% of the new holding company, with Kinsgly Holding Limited, owner of TACA, owning 44%. Roberto Kriete, of TACA will be chairman of the board, with Avianca’s Fabio Villegas as CEO.

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