The merger of Colombia’s Avianca and El Salvador’s Grupo TACA into AviancaTaca (AV) has created higher than expected synergies.
Computer rendering of A320neo and A320 family aircraft in Avianca and TACA liveries. Courtesy, Airbus The merger of Colombia’s Avianca and El Salvador’s Grupo TACA into AviancaTaca (AV) has created higher than expected synergies (ATW Daily News, Oct. 8, 2009). Chairman Roberto Kriete told ATW on the sidelines of the company’s Star Alliance joining ceremony in Bogota last week (ATW Daily News, June 21) that “60% to 70% of synergies” created by the merger ...
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