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$278 million AviancaTaca IPO five times oversubscribed

Monday, April 18, 2011


Preliminary results from AviancaTaca’s initial public offering show a strong appetite for Latin American airline stocks.

The offer period expired on Friday with a healthy five to one oversubscription ratio.

The airline group stands to raise $278 million, which will be used to fund fleet and network expansion.

 

 

Original source: Centre for Aviation