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Sim, ele mesmo. Depois de quebrar a Avianca Brasil e perder o controle da Avianca Holdings, agora o GE quer ter uma participação na Alitalia. Mais uma capítulo da novela italiana... _____________________________________________________ German Efromovich, the ousted chairman of Colombian airline Avianca, is eyeing a comeback via Italy. Efromovich wants to buy a stake in the bankrupt Italian flag-carrier Alitalia SpA, financial daily Il Sole 24 Ore reported, citing a phone interview. "We wrote a letter to Ferrovie dello Stato and the adviser Mediobanca two weeks ago saying we can purchase up to 30% of Alitalia," said Efromovich, who was removed as the chairman of Avianca Holdings SA last month after a loan breach. "We want to join the company’s management and I’d like to be the chief executive officer, at least at the start." A 30% stake in Alitalia would require at least 240 million euros ($273 million), according to the newspaper. Italian railways operator Ferrovie dello Stato Italiane SpA is leading talks for a possible rescue of Alitalia, which is under special administration. Earlier this month, the Italian government extended the deadline for binding bids to July 15 after potential partners such as EasyJet Plc dropped out of the discussions. Efromovich, who has signed a non-disclosure agreement with Alitalia’s advisers, said he has the money needed for the investment and wouldn’t have to borrow. The Bolivian businessman still owns 78% of Avianca’s voting rights and 52% of the carrier’s capital, Il Sole 24 Ore said. In May, United Continental Holdings said that it took legal action in Bogota to dismiss Efromovich from Avianca’s board for defaulting on a $456 million loan. Efromovich purchased Avianca out of bankruptcy in 2004 and turned it around into Latin America’s second-biggest carrier. But last year, he offered his stake in the airline as collateral for a loan from United Continental, imperiling its future. Alitalia also lured interest from Toto Group, a holding that spans from renewable energies to toll-road concessions that is controlled by Italian entrepreneur Carlo Toto. After a failed attempt in 2008 of investing in Alitalia, Toto Group is now reviewing the option of investing in the carrier "relying on its entrepreneurial experience and adequate economic resources," a company’s spokesman wrote Sunday in a letter to daily Il Messaggero. (Adds Toto Group interest in the last paragraph.) https://www.bloomberg.com/news/articles/2019-06-30/after-losing-avianca-bolivia-s-efromovich-eyes-alitalia-sole
Published on November 19, 2019 Synergy Group, the sole potential bidder for Jet Airways, will get an extension only till December 16 to submit a final bid and a resolution plan. The South American company had asked to extend the deadline to February 2020. The Resolution Professional will have to seek an extension from the NCLT for another 90 days as the 180-day deadline ends on December 16. Sources in the know told BusinessLine that during the Committee of Creditors (CoC) meeting, the lenders had verbally agreed to extend the deadline to December 16 as opposed to Synergy’s request to extend the deadline to February 2020. One of the persons mentioned above said, “While the CoC has agreed, the voting among all members is paramount. Also, an extension till February 2020 is impossible because the summer slots will be gone as well.” The summer slots are allotted by January. On Monday, the Mumbai Bench of the NCLT had asked Synergy to make the representation in the court by or on December 3. Slot allocation According to another source, during the meeting it was discussed that the Amsterdam slots could be preserved. However, Synergy needs the Heathrow slots and clarity on Indian slots which were temporarily allotted to Indigo, SpiceJet and Vistara. “There is an announcement likely to come from the government in the next few days regarding the slots. This is also dependent on the kind of pressure SpiceJet, IndiGo and Vistara put on the government to retain those slots.” Before its grounding on April 17, Jet had the most premium slots in Mumbai and Delhi. The source added that even if the extension has been granted, there are a lot of variables that will determine the future of Jet Airways. He explained, “We have done a calculation and according to our plan, Jet needs at least $150-200 million for its revival. Should Synergy even put in a bid, the lenders should be willing to take a haircut — and that too a huge one.” Besides this, Synergy has to also find an Indian partner and propose a viable business plan for Jet’s revival. https://www.thehindubusinessline.com/economy/logistics/jet-airways-bidder-synergy-gets-extension-till-december-16/article30019017.ece
Aeromar está en quiebra técnica: pilotos Aeromar ya adeuda más de 10 millones de pesos a los pilotos por cuestiones de prestaciones laborales, señaló Mauricio Aguilera, vocero de la Asociación Sindical Pilotos Aviadores. ROBERTO VALADEZ Ciudad de México / 14.05.2019 19:38:47 La aerolínea Aeromar se encuentra en quiebra técnica, derivado de sus deudas y debilidad financiera, informó la Asociación Sindical Pilotos Aviadores (ASPA). Mauricio Aguilera, vocero de ASPA, afirmó que ante esta situación hoy en la noche se reunirán con la Secretaría de Comunicaciones y Transportes y del Trabajo y Previsión Social para pedirles apoyo para el rescate de la empresa. Al término de la alianza de Aeroméxico en el Programa Jóvenes Construyendo el Futuro, Aguilera señaló que se encuentran muy preocupados por la situación de la aerolínea, ya que son aproximadamente mil 100 los trabajadores que se encuentran en peligro de esta aerolínea regional. Aeromar logra acuerdo laboral con pilotos y sobrecargos Interjet obtiene crédito de Bancomext por 150 mdd; busca reestructuración Indicó que Aeromar ya adeuda más de 10 millones de pesos a los pilotos por cuestiones de prestaciones laborales, cifra que puede aumentar, ya que mes con mes aumentan estos pasivos. El vocero de ASPA informó que la inyección de 100 millones de dólares de Synergy Group en Aeromar aún no se realiza, por lo que la situación es más grave. Pilotos buscarán rescate ante quiebra Los trabajadores buscarán un rescate de la compañía aérea, con el objetivo de evitar otro caso como el de Mexicana de Aviación. “Estamos en una tarea de rescate, la empresa no ha logrado una inyección de capital lo suficientemente fuerte para que pueda continuar prestando un servicio que se requiere”, mencionó Aguilera. En Aeromar con 32 años de competir en el mercado, laboran 110 pilotos y 200 sobrecargos. https://www.milenio.com/negocios/aeromar-esta-en-quiebra-tecnica-pilotos Pilotos buscarán rescate ante quiebra técnica de Aeromar De no llegar a un rescate se perdería la conectividad en rutas regionales que solo opera Aeromar como Manzanillo o Lázaro Cárdenas, advierte el ASPA. Notimex.- La aerolínea mexicana Aeromar se encuentra en quiebra técnica, por lo que los trabajadores buscarán un rescate de la compañía aérea, con el objetivo de evitar otro caso como el de Mexicana de Aviación. “Estamos en una tarea de rescate, la empresa no ha logrado una inyección de capital lo suficientemente fuerte para que pueda continuar prestando un servicio que se requiere”, mencionó el vocero de la Asociación Sindical de Pilotos Aviadores (ASPA), Mauricio Aguilera. Por ello, se reunirán con autoridades de las Secretarías de Comunicaciones y Transportes (SCT), del Trabajo y Gobernación, para buscar una solución, continuar con la operación de la línea aérea y con 1,110 empleos. Vamos a estar con el gobierno federal para que en afán de sus atribuciones y facultades, de conformidad a la ley de Aviación Civil, pueda junto con Aspa, entrar al rescate de una gran empresa de aviación, estamos dispuestos a agotar hasta el último esfuerzo”. Reiteró que el problema de fondo de Aeromar es la situación operativa y financiera, así como la falta de interés por parte de la dirección y administración de la aerolínea en acciones concretas para “que puedan salir del boquete económico que manifiestan que tienen”. De hecho, refirió que la compañía tiene un adeudo con ASPA por 10 millones de pesos, derivado de conceptos de previsión social al total de los pilotos. Sobre una inversión de Synery Group anunciada en 2016 por 100 millones de dólares con una participación de 25% de las acciones, interés que aumentó 49%, mencionó que ésta no se ha concretado. “No hay claridad en una inversión real, que pueda inyectarle capacidad financiera para que eleve su operatividad. Requerimos la intervención del gobierno federal para no dejar morir a la empresa, que prácticamente está en una quiebra técnica”. De no llegar a un rescate, puntualizó Aguilera, se perdería la conectividad en rutas regionales que solo opera Aeromar como Manzanillo o Lázaro Cárdenas; “es un impacto, se deja incomunicado a lugares donde no son atendidos por las otras empresas”. En Aeromar con 32 años de competir en el mercado, laboran 110 pilotos y 200 sobrecargos, para un total de 1,100 empleos. https://www.forbes.com.mx/pilotos-buscaran-rescate-ante-quiebra-tecnica-de-aeromar/
Latin America’s second largest airline – Avianca Holdings – is facing one of the most tumultuous times in its 100-year history. The airline is navigating financial struggles and a CEO and board shake-up as its majority shareholder was unceremoniously removed as chairman. And although it has no formal ties to Avianca Brazil, the Brazilian airline’s misfortune has forced Avianca to stress that their operations are entirely separate. Now Avianca is in triage mode, but it does have the support from its prospective JV partner, United, which has a vested interest in ensuring that Avianca survives and thrives. Arguably, United’s Latin American strategy rests on Avianca’s rebound. Avianca and Avianca Brazil share a name but are completely separate entities The current iteration of Avianca Holdings is the result of the 2009 merger of Avianca and Taca. Avianca is Colombia’s flag carrier and is celebrating its 100th anniversary this year. Taca was the leading airline in Central America, and now under Avianca Holdings the group operates 12 airlines across Latin America. After the merger Synergy Group remained Avianca’s largest shareholder, and also used the Avianca brand to transition the Brazilian airline Oceanair to Avianca Brazil. But the two airlines always operated separately, and although there were discussions held about merging the two companies, nothing ever materialised. Avianca Brazil sought creditor protection in Dec-2018 and Brazilian regulators recently suspended the airline’s operations. There is a bit of a scuffle for Avianca Brazil’s assets, with Azul, LATAM and GOL all vying for various pieces of the airline, including valuable airport slots. Even though Avianca and Avianca Brazil are entirely separate entities, confusion still arises over their operations, and when Avianca Brazil sought creditor protection, Avianca had to clarify that it was not part of Avianca Brazil. The extent of their relationship was a limited codeshare. Avianca fights challenges from all sides, including a CEO and board shake-up Avianca posted a USD68 million loss in 1Q2019 and was recently downgraded by S&P after the ratings agency determined that it had taken the company longer than expected to refinance USD550 million in bonds due in 2020. The company’s former CEO, Hernán Rincón, has also abruptly left the airline, and more recently there’s been a shake-up in Avianca’s board. BRW Aviation, which holds Synergy’s controlling share of Avianca, defaulted on a USD456 million loan from United Airlines which was secured by BRW’s shares in Avianca. After the default, United opted to give Kingsland Holdings control of BRW’s shares. Kingsland is Avianca’s second largest shareholder and is led by Roberto Kriete, who was CEO of TACA. Mr Kriete and the head of Synergy, German Efromovich, have clashed over the years. With the transfer of power to Kingland, Mr Efromovich has been ousted as Avianca’s chairman and replaced by Mr Kriete. It is a dizzying cascade of events as Avianca works to fight currency challenges in its operating countries and regain profitability. It is also a tough blow for Mr Efromovich, who purchased Avianca out of bankruptcy in 2004 and was no doubt a guiding force through the merger with TACA. But Mr Efromovich and his brother José have other issues too. In addition to Avianca Brazil’s troubles, Bloomberg has reported that shipyards run by Mr Efromovich have shut down. United takes necessary steps to ensure that Avianca remains a strong JV partner United has stated that it is willing to lend Avianca an additional USD150 million - it has a vested interest in Avianca’s well-being. United, Avianca and Panama’s Copa Airlines are working to forge a joint venture covering routes from the US to Central and South America. Their proposed JV was in response to LATAM's attempt to create an immunised relationship with American Airlines covering flights from the US to Brazil, Chile, Colombia, Paraguay, Peru and Uruguay. The Chilean Supreme Court recently rejected the LATAM-American tie-up and a similar proposed JV between LATAM and IAG, agreeing with Chilean tourism and consumer groups that the JVs would be anticompetitive. Although the decision by the court is a blow to LATAM, it can push forward with other JVs, including Latin America’s largest aviation market, Brazil, and its third largest market, Colombia. United and Brazil’s third largest airline Azul have had discussions regarding a JV, which would give United an immunised relationship in that strategic market. Avianca is Colombia’s largest airline, representing 53% of the country’s system ASKs. Domestically, Avianca holds an approximate 55% market share. The proposed JV with Avianca would also give United a foothold in Latin America’s third largest aviation market. Colombia system ASKs by airline, as of late May-2019 Source: CAPA - Centre for Aviation and OAG. LATAM Airlines Colombia is the country’s second largest airline and Colombia is one of the countries included in the LATAM-American proposed JV. Authorities in Colombia and Brazil have already approved the proposed partnership. United essentially needs a healthy Avianca in order to compete effectively with American once its JV with LATAM takes effect, and it has taken what it deems as necessary steps to steer Avianca in a direction towards recovery. Avianca's board changes were necessitated by Synergy's challenges An element of United’s pilot contract prohibits the company from holding a majority ownership in another airline, which necessitated the move to put Kingsland in control. It is not likely that United wanted to control another airline, but it obviously wants to maintain a certain level of influence over Avianca. There is little doubt that United did not want to be mired in a board shake-up at Avianca; but Synergy’s woes created some unusual circumstances that United needed to address quickly. https://centreforaviation.com/analysis/reports/south-america-united-airlines-takes-steps-to-rectify-aviancas-unrest-475767