There is a growing activity in the aviation sector. The past 10th of December, the Board of Directors of Delta Airlines Inc. revealed their plans of expansion towards Central and South America, including Colombian cities. It has been mentioned that Delta Airlines Inc. wishes to execute an agreement with a Colombian airline company.
Also in past days the alliance of "Codes Share" between Avianca and American Airlines was formalized.
Additionally, the Colombian airline "Aces", which is currently in conversations with different interested parties, informed its preference for selling its shares to a strategic investor. Continental Airlines, who recently reached an agreement to share transportation services and miles prizes with Aces, has publicly expressed its special interest in reaching an agreement to acquire those shares.
Regarding the processes for the privatization of the operation and maintenance of Colombian airports, it has been known that the next airports to be awarded will be Palmira (which serves the city of Cali) and Rionegro and Olaya Herera (which serve the city of Medellin). Authorities expect to initiate the privatization processes by the middle of the year.
Following the recommendations of the CONPES, from now on, it would not be necessary for national firms to associate with experimented operators. Local firms will only need to hire operators for a five year technical assistance agreement. The term of the concession, which will be governed by a BOT scheme, is being evaluated.
Prepared by Alejandro Linares and Julian Santos from Gomez Pinzon & Asociados, Bogota, Colombia.
The content of this article is intended to provide a general guide but specialist advice should be sought about your specific circumstances.
GOMEZ PINZON & ASOCIADOS
Carrera 9 No. 73-24 Pisos 1,2,3 y 5
Santafe de Bogota, Colombia
Telephone : 571- 3107055/ 5066
Facsimile : 571- 3106646/6657
To print this article, all you need is to be registered on Mondaq.com.
Click to Login as an existing user or Register so you can print this article.
The law on Panamanian corporations, adopted in 1927, is a version of the corporation law of the State of Delaware, United States, and since its enactment, has been widely used by the international financial community...
This note is intended to provide introductory information about Panamanian companies, the types of companies available in Panama and some key advantages of using Panamanian companies.
Some comments from our readers… “The articles are extremely timely and highly applicable” “I often find critical information not available elsewhere” “As in-house counsel, Mondaq’s service is of great value”
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).