Akiris de Colombia S.A.

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Statris S.A.


Stratis was recently founded with the firm objective of taking advantage and share it´s CEO´s experience in infrastructure concession projects and oil related concessions in Latin America, after performing as Chairman/CEO of some of the most important airlines in Colombia, where he achieved, among others, Avianca´s successful operational turnaround, bringing operational costs to competitive levels.

Chief Corporate Officer Synergy Aerospace (Group of four Latin American airlines) Supported the transition period of change of control of Avianca to a new shareholding group, coordinated negotiations and launched the reconditioning process of a fleet of 29 aircraft, including a major package of components and simulators. Designed various group policies and initiated exploitation of cost and revenue synergies.

President/CEO, Avianca Airlines , Achieved a USD 120 Million EBITDA recovery within the first six months of restructuring returning airline to profitability. Financial and operational restructuring under US Chapter 11 in New York, supported by new controlling equity sponsor. USD790million sales and USD65 million EBITDA in 2004.

President/CEO Alianza Summa (Avianca, SAM, ACES). Lead consolidation of Colombia's largest airline group, achieving synergies for USD 80 million and initiating bankruptcy liquidation and procedures when and where necessary for the turn-around.

President/CEO ACES Airlines.
General executive responsibility for a domestic and international passenger carrier, reporting to Board of external directors. Maintained 10% to 30% ROE during the period in which Colombia's Government put into effect its domestic open-skies policy and domestic market contraction. Meanwhile, gained market share and launched large projects to recuperate 8 years of scant investments in fleet modernization, information systems and premises for international expansion. Placed the company as the Best Domestic Airline throughout the years, as Best International Airline since 1996, and as recipient of numerous domestic and international service-excellence awards and recognitions.

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