Colombia's Avianca and El Salvador-based Grupo TACA announced yesterday that they have reached agreement to merge under a single holding company, creating an airline group that will serve more than 100 destinations with a fleet of 129 aircraft. Avianca parent Synergy Group will control two-thirds of the unnamed holding company while TACA will control the remaining third, with TACA Chairman and CEO Roberto Kriete serving as chairman and Avianca CEO Fabio Villegas as CEO. The two privately ...

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