Power Conflict Affects Investments in El Salvador
Aeroman’s expansion plans depend upon the solution of the current conflict between the legislative and judicial powers, due to the legal uncertainty it generates.
Friday, August 17, 2012
The Executive Director of Aeroman, Ernesto Ruiz, said that the Canadian company Aveos, the majority shareholder of Aeroman, is closely following the current conflict and will not continue with its expansion plans until it has been resolved.
When choosing a destination for their investments, Panamanian businessmen see poor conditions for both physical and legal security in Honduras.
The closure of Aveos in Canada will not affect the aircraft maintenance company in El Salvador, which will open its fourth hangar in April.
Aeroman announced it has conducted over 1000 large aircraft checkups and unveiled investment plans.
The U.S. Ambassador highlights the existence of the high perception of corruption, lack of legal certainty and obstacles to the establishment of foreign investment in the country.
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