I dropped it into Google translate and this is what came out....hope it helps.
AeroSur negotiates with a U.S. investor
This is William Petty, president of the mining company Franklin Mining Inc. The negotiated amount is about U.S. $ 20 million. Tomorrow the company will issue details.
A door opens and directory search AeroSur in marathon meetings to seal a deal with the U.S. investor William Petty and getting to capitalize the airline with about $ U.S. 20 million order to overcome the financial crisis nearly three months ago the company .
Cautious, avoiding false step and trying to control any leak, entrepreneurs who run AeroSur from several weeks to have been negotiating with Petty, president of Franklin Mining Inc., a mining company originally from Colorado (USA), and according to sources at the line airline negotiations are well underway so expect tomorrow to give details of the agreement.
It is learned that the profile of the investor who seeks airline is a serious person, with significant economic capacity and who knows the socio-political reality.
Another point that is being polished, to reach an agreement with Petty, review the current status of the provider of the ships.
Sergio Sanzetenea, current president of AeroSur, in an interview published in this medium the April 14, 2012, said Abdallah Daher is the supplier of aircraft and owed ??him some money, but no one knows exactly how much comes amount.
A source confirmed that negotiations with Petty are on track, but run the clock, as only have two ships in operation that can leave the country within two weeks.
From the employees' union AeroSur, were incredulous and stressed that they will wait until the deal is realized, believing that the directory already told them several times and had a new investor and ultimately was not true.
On the progress of the negotiations is another aspect to be taken into account the Bolivian company directory is that the term of the lease of some aircraft already expired, so you need an urgent injection of a large sum of capital, to avoid that its operations are not even more limited.
In this regard, the Directorate General of Civil Aviation (DGAC) reported that the air fleet AeroSur (which claims eleven planes) was reduced to a single plane and that the frequency of their flights and are not scheduled under the system of a itinerary, but does so through a daily schedule that includes one to four flights on domestic routes, while international destinations are suspended from May 2.
Regarding the question of salaries Felix Lopez, director of the Directorate of Labour, said that already exhausted the administrative to collect back pay due to employees AeroSur in La Paz and the Ministry of Labour work analyzes initiate a lawsuit to recover the debt.
Lopez said that while this was the second call and one might expect the third before starting an adversarial process, formerly known AeroSur ignored subpoenas labor.
In turn, company sources recalled that for launching the airline needed U.S. $ 15 million, this calculation takes into account the tax liability for 2004 that is Bs 108 million.
However, according to the schedule of payment of the National Tax Service (INS), there is a future court decision will have to pay tax Bs 600 million due 2005 and 2006.
Petty, an old friend of our country
The owner of Franklin Mining Company, Inc. William Petty, is an old acquaintance of Bolivia, as early as 2011 came to Oruro to negotiate with authorities and representatives of the Community Inca Mining Company Sayana (Emcoisa) and avoid confrontation with miners of La Joya, a mining center that shares the gold mining area with Emcoisa.
According to The Nation, at that time (August 2011) Franklin Mining Company Inc., announced an investment of approximately U.S. $ 10 million in gold mining project, through an agreement was signed between Petty and the leaders of the gold cooperative La Joya.
"We are making history. It will be a model not just for Bolivia but for the whole world, "said Petty representatives of mining cooperatives at a ceremony where both parties sealed the creation of a society to develop better gold mine New La Joya. / The Nation
In millions
U.S. $ 20
What we want
This is the amount you are negotiating for the new investor can take care of AeroSur. They hope to reach an agreement and announce it tomorrow.
U.S. $ 15
The urgent
According to the directory AeroSur this is the amount of money needed to meet your tax liability and pay salaries to its employees.
U.S. $ 85.5
New charges
According to the INS recovery plan the airline is facing a claim for taxes owed management duranta 2005 and 2006 (Bs 600 million).
In detail
- Beginnings. Franklin minig, Inc. was established in 1864 as a mining and exploration company in Colorado (USA). First began operations in 1865 and continues until the U.S. government reduced the gold mining during the First World War.
- Presence. Currently this company is engaged in mining and exploration. In 2004, Franklin Mining Bolivia is established as a subsidiary of Franklin Mining Inc. are currently in the final stage of pre-operational phase of several mining projects in the departments of Oruro and Potosi.
AI
