Wednesday, July 2, 2014

FLEET UPDATE: Seven ex-PLUNA CRJ-900's to be sold to Strategic Air Finance of Miami for US$ 77 million

The seven company-owned ex-PLUNA CRJ-900's that have been parked unused in Montevideo (MVD) since July 2012 have been sold to SAF (Strategic Air Finance), an aircraft leasing company of Miami, Florida for US$ 11 million each.  

The aircraft, nearly all of which were delivered in 2008, were originally purchased for US$ 29 million each and assessed at US$ 19 million per aircraft in late 2012 when they were unsuccessfully put up for auction.  The Asociación Uruguaya de Peritos (AUPE) overseeing PLUNA's bankruptcy proceedings received offers from five parties for the aircraft with AUPE recommending SAF's offer as the one with the best price and overall terms.     

Proceeds from the sale will go to settling claims by creditors of the defunct airline.    

Two of the aircraft are due to be taken by SAF in August with the remainder gradually by the end of the year.  

The various bodies that oversaw PLUNA's liquidation spent a total of US$ 6.5 million on maintaining both the seven owned CRJ-900's and the six leased examples that were returned to their manufacturer, Bombardier, in December 2012. 

The seven aircraft being sold are:

CX-CRA (c/n 15165)
CX-CRB (c/n 15169)
CX-CRC (c/n 15175)
CX-CRD (c/n 15180)
CX-CRE (c/n 15185)
CX-CRF (c/n 15204)
CX-CRG (c/n 15209)


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