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Avianca to invest USD7.2 million in Ecuador’s Aerogal

1-Mar-2010 2:11 PM

Avianca reportedly plans to invest USD7.2 million to purchase an 80% stake in Ecuador’s Aerolineas Galapagos SA Aerogal while Kingsland Holding Limited will purchase the remaining 20% stake (Dow Jones, 26-Feb-2010).