The new Panam to the rescue of Tame EP?

¿The new Panama is coming Ecuador to the rescue of the airlineíline in liquidationón Tame EP? The answer is yesí, but maybe not.

For about díAs a series of documents circulates on social networks in Ecuador, trades or letters of what is the rebirth of the aerolínea Panama, in the resurgence of this traditional and histórich aerosolínea northamerican, directed towards the current General Manager of Tame EP and other authorities of the countryís.

After researching about it, se confirmó that the context of these documents are true, informationón corroborated by Panama itself, in his intentionón to acquire Tame.

For example, on Twitter it was publishedó some fractions of these documents that for the most partía are signed by the President of the Aerolínea Two G. Tatum.:

pic.twitter.com/cRcNkp1utD

— Eduardo Emanuele 🇪🇨🇮🇹 (@caedemmo) September 16, 2020

But in general summary, the proposal of the new PAWA – Pan American World Airways was next:

• Form a joint venture with PAWA.
• PAWA committedó to assume the entire debt of Tame EP with the optionón to negotiate the payment of said debt, although I clarifiedó that the final amount of the debt is not clear based on the documents delivered by the airlineíEquatorian snow.

Additional, Panama proposes two scenarios to move forward with this process:

• Create a joint venture in the form of SAS in Ecuador, where tame only winíto a percentage of the profit of the network of destinations from Ecuador of approximately $10 million in the first toñO.
• Tame EP becomes a shareholder of PAWA with 1 millón of shares with estimated earnings of $67 million in the first toñor operations.

But for all this to materialize, There are key conditions that the Ecuadorian Government mustíto fulfill, one is immediately reverse the Presidential Decree to liquidate Tame EP, given that Panama seeks to start operations from November 2020, Therefore, it is looking for a regional base of operations to do so in the shortest possible time and immediately stop the sale of Aeron assets.áuticos of the company púwar in liquidationón.

Despite the fact that the same statements indicate that the value of the debt is not clear or exact, In exchange, Panama agrees to move forward with this process at:

• Negotiate and pay all the debt.
• Open a Latin American hub in Quito.
• employ meás de 1.200 people possibly former Tame employee.
• Invest in all operating costs to start flights.

However, ¿this process is going to be carried out? We asked the airlineíinformation about the veracity of the documents as well asén of the status of the negotiationón and this was the answer:

Báphysically, the letters sent are true, but the negotiationón no progesó within the period of 3 months and the airínea has decided not to move forward with the process in Ecuador and now seeká position yourself in Costa Rica or Colombia as possible corporate centers in South Americaérica.

For now, It seems that this proposal will not haveíin the future and the normal process of liquidación de Tame EP followía su curso.