Business Services Industry
Peru: American Airlines signed letter of intention with Aeroperu.
South American Business Information, February, 1999
American Airlines signed a letter of intention that allows it to acquire a stake in Aeroperu Peruvian airlines. The American company will soon start analyzing Aeroperu's operating and financial situation (due dilligence), which will be finished within a few weeks. Aeroperu's current shareholders, Delta Airlines (35%) and Mexico's Cintra (35%), will no longer hold interests in the Peruvian company. Aeroperu owns 11 airplanes. It will soon add a new Boeing 737 airplane to its fleet. The company's load factor reached 70% last January.
Source: Gestion Page: 2 Date: February 8, 1999 Country: Peru Product: Air Transportation Company: American Airlines Event: Contracts & Orders SABI (South American Business Information)
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