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NotiSur PDF file 1995 right arrow Aug

Ecuador's State Airline Sold to Brazilian-Ecuadoran Consortium

ISSN:1060-4189
LADB Article ID: 55971
Category/Department: Ecuador
Date: 1995-08-24
By: LADB Staff

On Aug. 12, President Sixto Duran Ballen's administration sold the state airline Ecuatoriana de Aviacion to a consortium comprised of the Brazilian carrier Viacao Aerea Sao Paulo (VASP) and a group of Ecuadoran investors represented by Juan El Juri. Opposition politicians, however, may try to roll the sale back through legal channels, since they accuse the executive of improper conduct in preparing the airline's privatization.

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