The Wall Street Journal | 10/8/2009 12:00:00 AM
Colombia's Airline Avianca Owner: We Will Need Many Planes
Oct 8--Newly merged airlines Avianca SA of Colombia and Grupo TACA of El Salvador will need many planes, businessman German Efromovich, the controlling shareholder of the holding company that now owns both airlines, said Wednesday.
Avianca is in the middle of a renewal of its fleet that could cost as much as $7 billion and Grupo TACA is also in the process of acquiring new jets.
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