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.

Within the company’s expansion plans is the construction, in the first half of 2013, of a new hangar with an investment of approximately $25 million, said Ruiz.

"They (Aveos) first want to be certain that the rules are going to be the same. This problem is so serious that we want to see how they will resolve it because the future of legal certainty will depend on this", said the executive in Elsalvador.com.

More on this topic

Panama's Investments in Honduras Affected by Insecurity

July 2013

When choosing a destination for their investments, Panamanian businessmen see poor conditions for both physical and legal security in Honduras.

This was explained by the Panamanian ambassador in Honduras, Mario Ruiz, adding that lately, trade between the two nations has had difficulties because of the issue of insecurity which "has affected business and has generated concerns about continuing to invest".

Aeroman Continues Expansion Plans

March 2012

The closure of Aveos in Canada will not affect the aircraft maintenance company in El Salvador, which will open its fourth hangar in April.

The closure of operations in Canada by Aveos, the company which owns Aeroman in El Salvador will not affect the business of this aircraft-maintenance firm- or its employees, announced Aeroman’s management in the Central American country.

Aircraft Maintenance in El Salvador

February 2011

Aeroman announced it has conducted over 1000 large aircraft checkups and unveiled investment plans.

In the past four years, the Salvadoran company has doubled the number of aircraft it has served, growing from 500 in 2005 to 1,000.

The company, owned by Aveos Group, plans to invest $120 million to build 12 more hangars and increase its skilled workforce from 1800 to 3000.

Reduced Investment in El Salvador

May 2013

Lack of policies for attracting investment and the climate of insecurity both legally and for citizens is scaring away local and foreign investors.

In terms of Foreign Direct Investment (FDI), this barely grew, by $22 million, during 2012, closing with $463 million while the previous year it had been $441 million.

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