Published On: Thu, Nov 9th, 2017

Update: Legislation Curaçao not in line with wishes Avianca

Avianca-InselAirWILLEMSTAD - The negotiations between Avianca and InselAir are still ongoing. A takeover is still the goal, but the deal has a lot of legal-technical problems, says the Minister of Economic Development Steven Martina.

The Colombians want to manage the Curaçao airline from Bogota, with InselAir becoming a sort of branch. According to Martina, that is not possible under current Curacao legislation. The legislation required for the majority shareholder to be based in Curaçao.

Photo credit: Persbureau Curaçao

 

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