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AVH - Avianca Holdings SA News Story

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Last Trade - 08/05/20

Sector
Industrials
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £2.52bn
Position in Universe th / 6856

Avianca owner Efromovich eyes synergies as bids for TAP

Sun 7th June, 2015 7:46pm
MIAMI, June 7 (Reuters) - Brazilian-Colombian investor 
German Efromovich, bidding for indebted Portuguese carrier TAP, 
says there are good synergies between the airline and his 
Avianca  AVT_p.CN  carrier.  
    "It's another airline, it means more growth for us,"  
Efromovich told Reuters on the sidelines of the International 
Air Transport Association's (IATA) annual meeting in Miami. 
    "We have all kinds of synergies, the same alliance, the same 
fleet." 
    The Portuguese government on Friday received improved offers 
for TAP from the two bidding consortia and said it would take 
five days to analyse the bids.  ID:nL5N0YR3KK   
    Challenging Efromovich is a holding company including 
American-Brazilian aviation investor, David Neeleman, founder of 
U.S. airline JetBlue  JBLU.O  and the CEO of Azul Brazilian 
Airlines.   
    Efromovich said he couldn't comment on the details of the 
bid itself as the process is confidential. He made the only bid 
for TAP in a failed attempt to sell the airline in 2012. 
    "I am optimistic by nature," he said, when asked whether he 
was confiding of winning the bidding contest.   
 
 (Reporting by Victoria Bryan, Editing by Tim Hepher) 
 ((victoria.bryan@thomsonreuters.com; +49 30 2888 5169; Reuters 
Messaging: victoria.bryan.thomsonreuters.com@reuters.net 
Twitter:@vl_bryan)) 
 
Keywords: AIRLINES IATA/AVIANCA HOLDING TAP
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