Colombia's largest airline Avianca and El Salvador's Grupo Taca said the merger they had announced in October became effective this week after all regulatory hurdles were passed, Dow Jones reported.
Synergy Aerospace Corp, which owns Avianca, Brazil's Ocean Air and an option on Ecuador's AeroGal, will own 67 percent of the new merged airlines and Taca's shareholders will own the remaining 33 percent.
Bolivian-born businessman German Efromovich controls Synergy and the Kriete family controls Taca.
Strategic decisions will be made by consensus between the two shareholders.
Cargonews Asia
Login
