AeroPeru says Continental Airlines has agreed to take a 49% stake in the Peruvian flag carrier, grounded since March because of debts. The carrier expects to resume flying by 22 June. Local reports quoting officials of AeroPeru and Indecopi, the state agency handling the deal, say a 30% stake in the airline went to creditors, 16% to the Government and 5% to employees. Indecopi says Continental will pay around $30 million for its stake.
Source: Flight International