Radar > 233111

Sol Líneas Aéreas seeks partners to operate again

Sol Líneas Aéreas busca socios para poder operar de nuevo

Intel ID : 233111
Synopsis

Government of Argentina began consultations between airline American Jet and transport company Vía Bariloche, aiming to reach an agreement for a possible acquisition to reactivate operations of Argentina-based Sol Líneas Aéreas, as published by newspaper El Cronista on 19 January 2016.

Due to the latest cessation of Sol Líneas Aéreas, the Ministry of Transport offered to acquire the airline held by American Jet and Via Bariloche. The government is looking for economic compensation for the cancellation of the codeshare contract and Aerolíneas Argentinas' subsidies, as well as the most recent exit of airline Air Nostrum, its Spanish partner (See related Intel).

The Ministry also said that Sol Líneas Aéreas did not file for bankruptcy, but ceased its activities, so the potential sale process would be feasible from a legal standpoint.
(content in spanish)

El Gobierno de Argentina ha iniciado una rueda de consultas entre la aerolínea American Jet y la empresa de transporte Vía Bariloche, con el objetivo de acordar una posible compra para reactivar las operaciones de la argentina Sol Líneas Aéreas, según ha informado el diario El Cronista el 19 de enero de 2016.

Debido al más reciente cese de Sol Líneas Aéreas, el ministerio de Transporte le ha ofrecido comprar la empresa en conflicto a las argentinas American Jet y a Vía Bariloche, debido a que el gobierno busca un soporte económico que compense la cancelación del contrato de código compartido y los subsidios de Aerolíneas Argentinas y la más reciente salida del país de la aerolínea Air Nostrum, su socia española (Ver Intel relacionado).

El ministerio también ha afirmado que Sol Líneas Aéreas no ha quebrado sino que ha hecho un cese de sus actividades, por lo que el potencial proceso de venta sería factible desde el ámbito legal.

Bidder

Target


Intel ID 233111
Value ND
Native Currency US Dollar (USD)
Exchange Rate:
Date
Country
Region
Continent -
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Transport, Aviation and Logistics (Primary)
Real Estate and Construction / Real Estate
Country
Description

Bidder

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Transport, Aviation and Logistics (Primary)
Country
Website
Description

Target

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Transport, Aviation and Logistics (Primary)
Country
Website
Description

Radar

Date Title Type Intel Grade Country Subsector  

Mergers & Acquisitions

Date Target Country Buyer Seller VALUE (EURm) Subsector    

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.