Colombian passenger airline Avianca has acquired Tampa Cargo following a decision by Martinair and other shareholders to sell the all-cargo airline.
The carriers reached an in-principle agreement on the sale and the deal is expected to be finalised in June.
Martinair, Tampa Cargo and Avianca are also working on an agreement to form a long-term strategic cargo alliance to jointly develop the cargo business.
“This new alliance opens up tremendous opportunities for Martinair and its new alliance partners by expanding our network and capacity throughout the Americas”, said Paul Gregorowitsch, chief executive for Martinair.
Under the new alliance the current co-operation between Martinair and Tampa Cargo, with joint sales offices throughout the Americas, will continue. The alliance permits the inclusion of Avianca’s belly cargo capacity on its domestic and international network. The deal is subject to regulatory approval.
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