LAN Airlines's acquisition of AIRES Airlines
Arias, Fábrega & Fábrega advised LAN Airlines in connection with the US$12 million stock purchase agreement of Aerovías de Integración Regional S.A. (AIRES), Colombia's second largest airline. LAN Airlines acquired 98.9% of the shares of AIRES.
For this transaction, the firm provided general advice on all aspects of Panamanian law to the Buyers regarding all aspects of this transaction. These include, without limitation structuring and draft agreements for the transaction and legal audit and review of data room documents and information regarding target companies and AIRES Panamanian Branch, and coordination of delivery of shares, endorsements, and documents relevant to the execution of the purchase and transfer of target companies to ARIFA as the new resident agent.