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VIASA |
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In the airline industry, government-owned carriers like Aerolineas Argentinas, Viasa and Air Panama were privatized or went out of business. Travel and Tourism Administration under President Ronald Reagan, and Shugrue have signed up a number of marketing partners: Aeromexico, Aero Costa Rica, Air Ukraine, Egyptair, Venezuela's Viasa, Royal Jordanian Airlines and Mexico's Taesa - with Aer Lingus and various Pacific carriers holding off until Pan Am is flying. Among major deals: in 1991, leading a team that sold a controlling interest in the Venezuelan airline Viasa to an Iberian Airlines-led group for $145 million; two years earlier he led a group that helped Iberian Airlines buy Aerolinas Argentina for $500 million and in another deal provided $150 million in project financing for Texaco and California Edison. |
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