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CPA Colgate Palmolive Co

87.92
-0.34 (-0.39%)
15:34:23 - Realtime Data
Share Name Share Symbol Market Type
Colgate Palmolive Co TG:CPA Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.34 -0.39% 87.92 87.85 88.03 88.70 87.92 88.40 1,886 15:34:23

Colombia's Airline Avianca Owner: We Will Need Many Planes

08/10/2009 1:00am

Dow Jones News


Colgate Palmolive (TG:CPA)
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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.

He said the newly merged airlines will expand and operate new routes in Latin America and elsewhere and "we will need many more planes" than both companies were buying separately.

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.

TACA mainly operates jets manufactured by Airbus, a unit of EADS (EAD.FR) and a few jets made by Brazil's Embraer (EMBR3.BR), while Avianca flies Airbus jets as well as jets made by Boeing Co (BA), and a few Fokkers.

-By Inti Landauro, Dow Jones Newswires; 57-310-867-65-42; colombia@dowjones.com

 
 

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