Avianca Holdings has confirmed it has now completed its divestiture from its subsidiaries La Costeña (LC, Managua) in Nicaragua and SANSA - Servicios Aéreos Nacionales (RZ, San José Juan Santamaría) in Costa Rica.
The Panama-based holding firm said in a stock market filing that pursuant to its original notification in late April, its subsidiary Grupo Taca Holdings (GTH) had concluded the sale of its 68% stake in Bahamas-based Turboprop Leasing Company Ltd. to Delaware-based Regional Airline Holding LLC.
Turboprop Leasing Co. owns 100% of the shares of Little Plane Six Limited (Bahamas) and Servicios Aéreos Nacionales S.A. (Costa Rica) t/a SANSA - Servicios Aéreos Nacionales.
Similarly, Avianca Holdings' Nicaragüense de Aviación S.A. (NICA) unit has concluded the sale of its 68.08% stake in Aerotaxis La Costeña S.A. t/a La Costeña to Regional Airline Holding LLC.
The terms of the sale, let alone who Regional Airline Holdings' owners are, were not disclosed.
