Monday, August 11, 2014

Alas Uruguay receives US$ 780,000 from Uruguayan government development fund to lease 3 737-300's

The FONDES Uruguayan government development fund granted Alas Uruguay, the airline being started by former PLUNA employees, US$ 780,000 of the US$ 15 million credit line approved to assist the carrier establish a viable operation. Alas Uruguay will lease three 737-300's from Jet Trading & Leasing of the United States for US$ 65,000 each per month but needs to put down a deposit equal to three months of lease payments to initiate the transaction.

The airline is hoping to start service in January 2015 with initial destinations from Montevideo (MVD) being Buenos Aires Aeroparque (AEP), Asuncion (ASU), Santiago (SCL), Rio de Janeiro Galeao (GIG) and Sao Paulo Guarulhos (GRU) with Curitiba (CWB), Porto Alegre (POA) and Santa Cruz (VVI) being added later.

Editor's Comment:  Alas Uruguay's route plans nearly duplicate BQB's past, current and future route aspirations. Given the flights being added on many of these routes by traditional and powerful network airlines, such as TAM, it seems doubtful that one, never mind two carriers, could operate many of them profitably.


No comments:

Post a Comment