Latin America Aviation
The Latin America Aviation Holding controller of 4 subsidiaries Enterprises:
Ground Force Logistics
Has started ingress in the leasing business from a short time.
It was decided by the CEO of LAA aiming to increase Alliance Cooperation and as a strategic step for the expansion program of the Holding.
At this moment the leasing is restrained to Alliance members exclusively.
The Latin America Aviation Holding does not believe that the act of leasing frames to any other airline outside the Alliance can bring any prospective profit for expansion plans.
We hope that in the future we can open the leasing business to other airlines, with a new subsidiary that will control all the leasing program.
We will always have the care on deciding who to lease, having always in mind the benefit of the Alliance and never putting in jeopardy the growth of an alliance member in order to lease to a direct competitor.
About the case in specific the prospective leasing partner does not comply with several aspects of our company standards such as:
Is not a Member of Globe Alliance
Is a direct competitor of GA member
Does not fly LAA focus Frames
Having this in the spot light LAA cannot at this moment provide this prospective partner a business. And by this we would like to say that this positioning can change if the requirements be fulfilled.
Sao Paulo, Brasil, September 30 2016
Latin America Aviation CEO