Delta Air Lines will be upgrading from the 767-300 to the Airbus A330-200 on its daily Atlanta (ATL) - Buenos Aires Ezeiza (EZE) route, effective 27Oct12.
Delta operates the 767-300 in three different seating configurations; 185 Economy + 36 Business, 189 Economy + 30 Business and the "International" configuration of 169 Economy + 36 Business, for a total of 205 seats. The airline's A330-200 "International" configuration holds 211 Economy + 32 Business for a total of 243 seats, making 38 more seats available on the route during the southern hemisphere summer season.
Sources: http://airlineroute.net/2012/07/14/dl-atleze-w12/ via Eric Trum
http://seatexpert.com/seatmap/226/Delta_Air_Lines_Airbus_A330-200/
English-Language Blog covering Commercial Aviation in Argentina and Uruguay
Monday, July 16, 2012
Sunday, July 15, 2012
PLUNA Update: Auction of 7 Company-Owned CRJ-900's & Route Rights
The Uruguayan government has passed a law establishing special rules for the liquidation of PLUNA, S.A., a private company with state participation, speeding up the process which normally takes 120 days or more. There will be a two-step auction held no later than September 10.
TWO-STEP AUCTION
The first step will see the seven company-owned Bombardier CRJ-900's (six more were leased but will be returned to the lessor) auctioned as one lot with a base price of US$ 136 million which is equal to the guarantee that the Uruguayan government gave to the bank (ScotiaBank of Canada) that financed the aircraft purchase. Should there be no bidders for this amount or more, there will be a second base price of US$ 100 million with the Uruguayan government paying the bank for the amount short of the US$ 136 million guarantee.
The second step will be that the winning bidder of the aircraft will negotiate with the government to acquire PLUNA's former route rights and take on its employees.
PLUNA's employee unions have requested that US$ 12 million, equal to the amount of unpaid employee backwages, be added to the auction amount.
CREDITORS
The first priorities of the auction are to pay off the secured loans on the aircraft and employee backwages followed by the other creditors, including ANCAP (Uruguayan national producer of petroleum and alcohol products) which is owed US$ 27 million for fuel, the Banco de la Republica Oriental de Uruguay (state bank) owed US$ 15 million in loans, and the estimated 70,000 passengers that paid some US$ 7 million for their tickets in advance. However, it is doubtful that there will be much money, if any, available after the aircraft loans are paid.
POTENTIAL BUYERS
There are reportedly two parties interested in participating in the auction, BQB Lineas Aereas and Grupo Eurnekian, which owns the Aeropuertos Argentinos 2000 airport franchise operating nearly all of Argentina's major airports that have commercial service. There were also rumors at one point that LATAM, the newly-merged entity of LAN and TAM, is interested in acquiring the aircraft, but the editor of this blog believes that is doubtful since neither carrier operates the CRJ series of aircraft plus the MVD-based hub operation would be of questionable value to the Chilean/Brazilian airline as it might compete with its existing services more than being a new business opportunity.
ALTERNATIVE
If no companies bid on PLUNA's former assets, the new law allows the state to negotiate with private investors to form a new carrier with 25% state participation, similar to the partnership established with Leadgate several years ago, but still with the obligation that creditors be paid and PLUNA's former employees rehired.
Source: El Pais Uruguay - several articles 09-12Jul12
TWO-STEP AUCTION
The first step will see the seven company-owned Bombardier CRJ-900's (six more were leased but will be returned to the lessor) auctioned as one lot with a base price of US$ 136 million which is equal to the guarantee that the Uruguayan government gave to the bank (ScotiaBank of Canada) that financed the aircraft purchase. Should there be no bidders for this amount or more, there will be a second base price of US$ 100 million with the Uruguayan government paying the bank for the amount short of the US$ 136 million guarantee.
The second step will be that the winning bidder of the aircraft will negotiate with the government to acquire PLUNA's former route rights and take on its employees.
PLUNA's employee unions have requested that US$ 12 million, equal to the amount of unpaid employee backwages, be added to the auction amount.
CREDITORS
The first priorities of the auction are to pay off the secured loans on the aircraft and employee backwages followed by the other creditors, including ANCAP (Uruguayan national producer of petroleum and alcohol products) which is owed US$ 27 million for fuel, the Banco de la Republica Oriental de Uruguay (state bank) owed US$ 15 million in loans, and the estimated 70,000 passengers that paid some US$ 7 million for their tickets in advance. However, it is doubtful that there will be much money, if any, available after the aircraft loans are paid.
POTENTIAL BUYERS
There are reportedly two parties interested in participating in the auction, BQB Lineas Aereas and Grupo Eurnekian, which owns the Aeropuertos Argentinos 2000 airport franchise operating nearly all of Argentina's major airports that have commercial service. There were also rumors at one point that LATAM, the newly-merged entity of LAN and TAM, is interested in acquiring the aircraft, but the editor of this blog believes that is doubtful since neither carrier operates the CRJ series of aircraft plus the MVD-based hub operation would be of questionable value to the Chilean/Brazilian airline as it might compete with its existing services more than being a new business opportunity.
ALTERNATIVE
If no companies bid on PLUNA's former assets, the new law allows the state to negotiate with private investors to form a new carrier with 25% state participation, similar to the partnership established with Leadgate several years ago, but still with the obligation that creditors be paid and PLUNA's former employees rehired.
Source: El Pais Uruguay - several articles 09-12Jul12
Saturday, July 14, 2012
ROUTE UPDATE: BQB and SOL to Start "Regular" Flights on MVD-AEP "Air Bridge"
BQB recently announced that it would start regularly scheduled service on the Montevideo (MVD) - Buenos Aires Aeroparque (AEP) "Air Bridge" with its ATR-72-212A's on August 1 and SOL announced that it would add three more daily round-trips on the route with its Saab 340's on July 16.
After PLUNA shut down last week, BQB and SOL received authorization from the Uruguayan aviation authorities to fly between MVD-AEP on an "exceptional" or emergency basis only to be denied these rights by the Argentine aviation authorities. The Argentine ANAC instead gave "exceptional" rights to Aerolineas Argentinas, indicating that it would not grant any other carriers such rights unless Aerolineas could not accommodate all the passenger demand on the route.
The airline service agreement that Argentina and Uruguay have in place allows up to 60 "regular" flights per week by carriers from each country. This would allow Uruguay to authorize BQB (a Uruguayan airline) to fly "regular" flights between MVD and AEP but the Uruguayan government wanted to reserve that privilege for the carrier that it hopes will form to replace PLUNA using the now-defunct airline's aircraft and employees. However, there do not appear to be any private investors interested in taking over in the short run leaving the MVD-AEP "Air Bridge" seriously underserved, which is very important to Uruguay as the small country needs to be connected to Argentina for business travelers and to access the large number of airlines flying from there to the U.S., Europe, Australia, South Africa and even the Middle East.
As a result, both the Uruguayan and Argentine aviation authorities have apparently given BQB route rights between MVD and AEP and SOL, a small Argentine commuter, expanded route rights between the two cities (they already fly the route with scheduled flights on a limited basis).
Source: El Pais Uruguay 13Jul12
After PLUNA shut down last week, BQB and SOL received authorization from the Uruguayan aviation authorities to fly between MVD-AEP on an "exceptional" or emergency basis only to be denied these rights by the Argentine aviation authorities. The Argentine ANAC instead gave "exceptional" rights to Aerolineas Argentinas, indicating that it would not grant any other carriers such rights unless Aerolineas could not accommodate all the passenger demand on the route.
The airline service agreement that Argentina and Uruguay have in place allows up to 60 "regular" flights per week by carriers from each country. This would allow Uruguay to authorize BQB (a Uruguayan airline) to fly "regular" flights between MVD and AEP but the Uruguayan government wanted to reserve that privilege for the carrier that it hopes will form to replace PLUNA using the now-defunct airline's aircraft and employees. However, there do not appear to be any private investors interested in taking over in the short run leaving the MVD-AEP "Air Bridge" seriously underserved, which is very important to Uruguay as the small country needs to be connected to Argentina for business travelers and to access the large number of airlines flying from there to the U.S., Europe, Australia, South Africa and even the Middle East.
As a result, both the Uruguayan and Argentine aviation authorities have apparently given BQB route rights between MVD and AEP and SOL, a small Argentine commuter, expanded route rights between the two cities (they already fly the route with scheduled flights on a limited basis).
Source: El Pais Uruguay 13Jul12
Wednesday, July 11, 2012
PLUNA Update: BQB and SOL Denied Authorization for MVD-AEP
Contrary to a previous report, only the Uruguayan aviation authorities gave approval for multiple flights by BQB Lineas Aereas (Uruguayan carrier) and SOL Lineas Aereas (Argentine) on the Montevideo (MVD) - Buenos Aires Aeroparque (AEP) route to replace the flights of PLUNA that has ceased operations. The ANAC Argentine aviation authority denied permission for most of the flights with the result that only one extra flight each day, Saturday and Sunday, was operated by BQB this past weekend between Montevideo and Buenos Aires.
Argentina has decided that the only carrier flying the "Air Bridge" connecting the two cities will be Aerolineas Argentinas with other carriers receiving permission to operate this route only if and when Aerolineas' flights are full. Argentina has an obligation to allow equal "regularly scheduled" flights by Uruguayan carriers but the flights authorized by Uruguay were only "exceptional" flights and not "regular" flights. Plus the only Uruguayan airline that is in a position to possibly fly between MVD and AEP is BQB but it is only authorized on the Buenos Aires Aeroparque (AEP) - Punta de Este, Uruguay (PDP) route as of now. Also, the carrier can only offer limited capacity having just two ATR-72-212A's in its fleet.
BQB might eventually fly MVD - AEP regularly scheduled flights if authorized to by the Uruguayan government but right now the government is hoping that a private investor will buy the seven company-owned PLUNA CRJ-900's and take over the former PLUNA operation, in which case the new investors would receive the MVD-AEP regularly-scheduled authorization. Indeed, BQB itself might end up being the private investor that buys the former PLUNA assets as indicated in previous posts of this blog.
Source: El Pais Uruguay 10Jul12
Argentina has decided that the only carrier flying the "Air Bridge" connecting the two cities will be Aerolineas Argentinas with other carriers receiving permission to operate this route only if and when Aerolineas' flights are full. Argentina has an obligation to allow equal "regularly scheduled" flights by Uruguayan carriers but the flights authorized by Uruguay were only "exceptional" flights and not "regular" flights. Plus the only Uruguayan airline that is in a position to possibly fly between MVD and AEP is BQB but it is only authorized on the Buenos Aires Aeroparque (AEP) - Punta de Este, Uruguay (PDP) route as of now. Also, the carrier can only offer limited capacity having just two ATR-72-212A's in its fleet.
BQB might eventually fly MVD - AEP regularly scheduled flights if authorized to by the Uruguayan government but right now the government is hoping that a private investor will buy the seven company-owned PLUNA CRJ-900's and take over the former PLUNA operation, in which case the new investors would receive the MVD-AEP regularly-scheduled authorization. Indeed, BQB itself might end up being the private investor that buys the former PLUNA assets as indicated in previous posts of this blog.
Source: El Pais Uruguay 10Jul12
Tuesday, July 10, 2012
ROUTE UPDATE: First LAN 787 Route will be Santiago - Buenos Aires by end of 2012
The Chilean aviation blog "En Vivo Desde SCL" reports that LAN's first 787-8 is nearing completion at Boeing's Everett, Washington factory and could be delivered to the airline as soon as August, even though officially it is not due until October.
The Chilean carrier announced in March that the first cities to see 787 service would be its Santiago and Lima hubs plus Buenos Aires, Madrid, Los Angeles and Frankfurt. However, specific route information was recently announced including Santiago (SCL) - Madrid (MAD) and Santiago (SCL) - Lima (LIM) - Los Angeles (LAX) but the very first service will be the intraregional route of Santiago (SCL) - Buenos Aires Ezeiza (EZE), presumably to integrate the new type into LAN's fleet on a route close to its home base before it starts flying the other two longer-distance routes which are also transoceanic in nature. So Buenos Aires should see its first 787 service before the end of 2012 !
Source: En Vivo Desde SCL http://envivodesdescl.blogspot.com
Friday, July 6, 2012
PLUNA Update: BQB and SOL to offer 35 and 15 Weekly Frequencies respectively on MVD-AEP "Air Bridge"
BQB Lineas Aereas ATR-72-212A CX-JCL
one of two operated by the airline
SOL Lineas Aereas Saab 340A LV-CEI
one of seven operated by the carrier
Late breaking news is that BQB Lineas Aereas and SOL Lineas Aereas have been authorized by the Uruguayan and Argentine aviation authorities to operate 35 and 15 weekly frequencies, respectively, on the "Air Bridge" between Montevideo (MVD) and Buenos Aires Aeroparque (AEP) to cover for the loss of seats on the route caused by the shutdown of PLUNA which was operating several daily flights between the two capital cities with 90-seat CRJ-900's. BQB operates two 72-seat ATR-72's and SOL operates seven 30-seat Saab 340's.
Travel on these flights will be available for new ticket purchases only. Passengers holding tickets on PLUNA will need to contact that carrier.
Source: El Pais Uruguay 06Jul12
PLUNA Shut Down "Indefinitely" by Uruguayan Government, Likely to Liquidate
Financial Problems & Decision to Shutdown
On Thursday 05Jul12, Uruguayan President Jose Mujica announced that the government would shut down the national carrier PLUNA "indefinitely" while other reports indicated that the carrier was being liquidated. Either way, the cessation of operations was caused by a lack of liquidity to pay its bills and overall meager financial resources due to continued losses on operations. The government was seeking private investors to replace the dissolved Leadgate/Jazz partnership but with no solid prospects on the horizon, losses mounting, and with the employees on strike for 48 hours earlier this week, the decision was made that the current financial situation made it "impossible to assure an adequate operation".
Hints that President Mujica might shut down PLUNA came earlier this week when he said in an interview that "the president is not in favor of continuing to lose money". A sale of the airline to private investors or shutdown of the carrier and sale of its assets, such as equity in its aircraft, were both being contemplated.
Employees Losing Jobs
PLUNA's 900 employees will lose their jobs but will collect unemployment insurance with many workers likely to be placed in other government jobs. Nonetheless, many workers broke down in tears and desperation at the prospect of being unemployed in a small country where good work opportunities are often hard to come by.
Passengers Stranded
July is the winter vacation period in Uruguay and it is estimated that 75,000 travelers would have traveled with PLUNA during that month alone but will now need to make alternative travel plans.
A New Airline ?
According to Transport Minister Enrique Pintado the priority now is to "reestablish the country's air transportation connectivity". He and Economy Minister Fernando Lorenzo will introduce "a package of measures" on Monday 09Jul12 with that end in mind. That same day, President Mujica will send proposed legislation to the Uruguayan congress establishing ground rules for negotiations with the airline's creditors. Also on Monday, the Council of Ministers will consider a legislative bill that would generate an RFP (Request for Proposals) for private investors to enter in a partnership with the Uruguayan state to start another carrier to replace PLUNA.
Limited Measures Possible
Pintado indicated that the situation has changed since the 15Jun12 press conference where it was announced that the Leadgate/Jazz group was exiting PLUNA and that new investors were looking at putting money into the airline. "No financing source, nor any party interested in capitalizing the carrier has appeared", he said. He added that the state is limited in the actions that it can take in a company that it has a minority stake in and that is majority privately-owned.
Fraud ?
While there are many commercial reasons for the airline's troubles, there have also been accusations, especially among opposition politicians, that Leadgate management stripped assets from the company through such actions as excessive consulting fees, the selling of PLUNA's office in Buenos Aires for US$ 1.2 million, a CRJ-900 engine for US$ 4.6 million, and aircraft spare parts for US$ 500,000.
Editor's Opinion: Limited Hub Connectivity
While the commercial reasons given for PLUNA's demise have been many: High fuel prices, stagnating economies in South America, Argentine currency restrictions, and Uruguayan air traffic control inefficiencies, the most important reason in my opinion is the limited connectivity of PLUNA's Montevideo (MVD) hub due to route denials by the Argentine government.
Route authorities were requested, but denied, to several destinations, including Bariloche (BRC), Mendoza (MDZ) and Trelew (REL). Montevideo is strategically located between Argentina and Brazil. PLUNA was flying to six different Brazilian cities at the time it shut down but needed a similar number of cities in Argentina to make its hub system of flights feeding each other work. While the Argentine government's wish to protect its carriers Aerolineas Argentinas / Austral might be understandable, the damage done to the economies of Argentine cities that are denied air service probably far exceeds the benefits realized by the national carriers from being protected from competition.
Sources: El Pais Uruguay 05Jul12, 06Jul12
http://airlineroute.net/2012/07/06/pu-jul12/
http://ar.reuters.com/article/topNews/idARL2E8I5F2S20120705
On Thursday 05Jul12, Uruguayan President Jose Mujica announced that the government would shut down the national carrier PLUNA "indefinitely" while other reports indicated that the carrier was being liquidated. Either way, the cessation of operations was caused by a lack of liquidity to pay its bills and overall meager financial resources due to continued losses on operations. The government was seeking private investors to replace the dissolved Leadgate/Jazz partnership but with no solid prospects on the horizon, losses mounting, and with the employees on strike for 48 hours earlier this week, the decision was made that the current financial situation made it "impossible to assure an adequate operation".
Hints that President Mujica might shut down PLUNA came earlier this week when he said in an interview that "the president is not in favor of continuing to lose money". A sale of the airline to private investors or shutdown of the carrier and sale of its assets, such as equity in its aircraft, were both being contemplated.
Employees Losing Jobs
PLUNA's 900 employees will lose their jobs but will collect unemployment insurance with many workers likely to be placed in other government jobs. Nonetheless, many workers broke down in tears and desperation at the prospect of being unemployed in a small country where good work opportunities are often hard to come by.
Passengers Stranded
July is the winter vacation period in Uruguay and it is estimated that 75,000 travelers would have traveled with PLUNA during that month alone but will now need to make alternative travel plans.
A New Airline ?
According to Transport Minister Enrique Pintado the priority now is to "reestablish the country's air transportation connectivity". He and Economy Minister Fernando Lorenzo will introduce "a package of measures" on Monday 09Jul12 with that end in mind. That same day, President Mujica will send proposed legislation to the Uruguayan congress establishing ground rules for negotiations with the airline's creditors. Also on Monday, the Council of Ministers will consider a legislative bill that would generate an RFP (Request for Proposals) for private investors to enter in a partnership with the Uruguayan state to start another carrier to replace PLUNA.
Limited Measures Possible
Pintado indicated that the situation has changed since the 15Jun12 press conference where it was announced that the Leadgate/Jazz group was exiting PLUNA and that new investors were looking at putting money into the airline. "No financing source, nor any party interested in capitalizing the carrier has appeared", he said. He added that the state is limited in the actions that it can take in a company that it has a minority stake in and that is majority privately-owned.
Fraud ?
While there are many commercial reasons for the airline's troubles, there have also been accusations, especially among opposition politicians, that Leadgate management stripped assets from the company through such actions as excessive consulting fees, the selling of PLUNA's office in Buenos Aires for US$ 1.2 million, a CRJ-900 engine for US$ 4.6 million, and aircraft spare parts for US$ 500,000.
Editor's Opinion: Limited Hub Connectivity
While the commercial reasons given for PLUNA's demise have been many: High fuel prices, stagnating economies in South America, Argentine currency restrictions, and Uruguayan air traffic control inefficiencies, the most important reason in my opinion is the limited connectivity of PLUNA's Montevideo (MVD) hub due to route denials by the Argentine government.
Route authorities were requested, but denied, to several destinations, including Bariloche (BRC), Mendoza (MDZ) and Trelew (REL). Montevideo is strategically located between Argentina and Brazil. PLUNA was flying to six different Brazilian cities at the time it shut down but needed a similar number of cities in Argentina to make its hub system of flights feeding each other work. While the Argentine government's wish to protect its carriers Aerolineas Argentinas / Austral might be understandable, the damage done to the economies of Argentine cities that are denied air service probably far exceeds the benefits realized by the national carriers from being protected from competition.
Sources: El Pais Uruguay 05Jul12, 06Jul12
http://airlineroute.net/2012/07/06/pu-jul12/
http://ar.reuters.com/article/topNews/idARL2E8I5F2S20120705
Thursday, July 5, 2012
ROUTE UPDATES: Asuncion new service by American Airlines & COPA Going Daily
Though not strictly a news story on Argentine or Uruguayan commercial aviation, the editor has decided to include these items because they are significant news for Paraguay and of likely interest to readers of this blog.
American Airlines recently announced that it will resume flights from Miami (MIA) to Asuncion, Paraguay (ASU) in November 2012 after a 10-year absence. Previously, the carrier operated the service via Sao Paulo (GRU) but it was discontinued over a disagreement with the Paraguayan government involving obligatory commission payments to travel agents.
The new flights will be non-stop, four times per week, using 757's. As an incentive to reintroduce service, the Paraguayan aviation authority is exempting American from paying taxes related to air traffic control, ground-handling and parking of aircraft for a period of two years. Similar measures will be offered to other airlines as an incentive to start service to Paraguay. The country currently has no direct flights to the U.S. so the new service will make Paraguay much more accessible helping attract both business and leisure travelers to a country which currently has a very small tourism industry.
On a related note, COPA Airlines recently increased frequncy on the flights it started from Asuncion (ASU) to its Panama City (PTY) hub earlier this year from four times weekly to daily. The airline uses 737-800's on the route. Paraguay was previously the only country of "the Americas" that COPA was not connecting through its PTY hub.
Sources: Aviacion News 14Jun12, 21Jun12
American Airlines recently announced that it will resume flights from Miami (MIA) to Asuncion, Paraguay (ASU) in November 2012 after a 10-year absence. Previously, the carrier operated the service via Sao Paulo (GRU) but it was discontinued over a disagreement with the Paraguayan government involving obligatory commission payments to travel agents.
The new flights will be non-stop, four times per week, using 757's. As an incentive to reintroduce service, the Paraguayan aviation authority is exempting American from paying taxes related to air traffic control, ground-handling and parking of aircraft for a period of two years. Similar measures will be offered to other airlines as an incentive to start service to Paraguay. The country currently has no direct flights to the U.S. so the new service will make Paraguay much more accessible helping attract both business and leisure travelers to a country which currently has a very small tourism industry.
On a related note, COPA Airlines recently increased frequncy on the flights it started from Asuncion (ASU) to its Panama City (PTY) hub earlier this year from four times weekly to daily. The airline uses 737-800's on the route. Paraguay was previously the only country of "the Americas" that COPA was not connecting through its PTY hub.
Sources: Aviacion News 14Jun12, 21Jun12
Wednesday, July 4, 2012
ROUTE UPDATE: Austral operated its first Buenos Aires Aeroparque (AEP) to Rio de Janeiro (GIG) Service on 01Jun12
Austral EMB-190 LV-CHR operated the carrier's first AEP to GIG service on 01Jun12. It is pictured above finishing its landing roll on runway 13 on 25May12, a foggy day at AEP.
As part of the expansion of Austral's service to regional international destinations outside of Argentina, the carrier flew its first Embraer 190 service from Buenos Aires Aeroparque (AEP) to Rio de Janeiro (GIG) on 01Jun12. The airline also flies from Buenos Aires' Ezeiza (EZE) airport to Rio de Janeiro (GIG).
Traditionally, Austral, sister airline to Aerolineas Argentinas, has only flown domestic services with a few exceptions such as flights to Montevideo, Uruguay (MVD) with NAMC YS-11 aircraft in the 1970's. The new GIG service joins Austral flights from Aeroparque to Sao Paulo (GRU) and both Aeroparque and Ezeiza to Montevideo (MVD) and Santiago (SCL).
Sources: Aviacion News 07Jun12
www.aerolineas.com.ar
Photo: Phil Perry
As part of the expansion of Austral's service to regional international destinations outside of Argentina, the carrier flew its first Embraer 190 service from Buenos Aires Aeroparque (AEP) to Rio de Janeiro (GIG) on 01Jun12. The airline also flies from Buenos Aires' Ezeiza (EZE) airport to Rio de Janeiro (GIG).
Traditionally, Austral, sister airline to Aerolineas Argentinas, has only flown domestic services with a few exceptions such as flights to Montevideo, Uruguay (MVD) with NAMC YS-11 aircraft in the 1970's. The new GIG service joins Austral flights from Aeroparque to Sao Paulo (GRU) and both Aeroparque and Ezeiza to Montevideo (MVD) and Santiago (SCL).
Sources: Aviacion News 07Jun12
www.aerolineas.com.ar
Photo: Phil Perry
Tuesday, July 3, 2012
PLUNA Cancels Flights for 48-Hours due to Employee Strike
PLUNA's administrative staff union announced a strike to begin tonight, July 3 at 21:20 Montevideo time lasting until Friday, July 6 at 12:00 hours. The strike action is being taken to protest the proposed layoffs / redundancies of 200 staff as part of the negotiation with Juan Carlos Lopez Mena, owner of BQB Lineas Aereas, to purchase the 75% shareholding formerly held by the Jazz/Leadgate partnership.
Other concerns include the lack of information from government officials on actions being taken to capitalize PLUNA. The union is also said to be considering participating in the new capitalization of the carrier once Jazz's 30-day option to purchase the 75% shareholding expires on July 15.
PLUNA's management decided to cancel all flights for 48 hours to avoid uncertainty and confusion among passengers regarding their flight status and have been asked to contact the carrier about flight possibilities on other airlines or to rebook travel for future dates.
Source: El Pais Uruguay 03Jul12
Other concerns include the lack of information from government officials on actions being taken to capitalize PLUNA. The union is also said to be considering participating in the new capitalization of the carrier once Jazz's 30-day option to purchase the 75% shareholding expires on July 15.
PLUNA's management decided to cancel all flights for 48 hours to avoid uncertainty and confusion among passengers regarding their flight status and have been asked to contact the carrier about flight possibilities on other airlines or to rebook travel for future dates.
Source: El Pais Uruguay 03Jul12
Monday, July 2, 2012
ROUTE UPDATES: Bariloche (BRC) Sharp Increase in Flights for Winter Ski Season
Bariloche Profile
Bariloche is a city of 108,000 people located on the shores of Lake Nahuel Huapi in the central western Patagonia region of Argentina near the Chilean border. It is a year-round tourist destination and the number one winter ski resort in Argentina in terms of number of skiiers taking advantage of the nearby Cerro Catedral mountain. Argentines and Brazilians are the main visitors but many Europeans and Americans visit Bariloche too.
Aerolineas Argentinas / Austral
Aerolineas Argentinas increased the number of flights it operated from Buenos Aires to Bariloche (BRC) in June to 35 weekly with 28 being from Aeroparque (AEP) and 7 from Ezeiza (EZE). The carrier will further increase its flights between the two cities to 45 per week for the peak ski season of July and August. Flights to Bariloche (BRC) will also be increased from Cordoba (COR), Argentina's second-largest city and Mendoza (MDZ) its fourth-largest metropolis. Aerolineas will also operate thrice-weekly scheduled flights from Sao Paulo, Brazil (GRU) to Bariloche (BRC).
LAN Argentina
Starting in July, LAN Argentina will fly up to five daily flights from Buenos Aires Aeroparque (AEP) ro Bariloche (BRC) and nine daily flights on weekends using the carrier's Airbus A320 aircraft.
TAM & GOL
Reflecting the strong Brazilian interest in skiing at Bariloche, the two main Brazilian airlines, TAM and GOL have been authorized by the Argentine National Civil Aviation Administration (ANAC by its Spanish initials) to operate 140 charters from Brazil to Bariloche (BRC) during July and August. The originating airports will be Belo Horizonte (CNF), Porto Alegre (POA), Rio de Janeiro (GIG), and Sao Paulo (GRU) with the services being flown by GOL 737-700's and -800's plus TAM A320's (plus possibly TAM A330's as BRC's 2,348 meter / 7,703 ft. runway can probably handle them when they only carry enough fuel to fly to GIG, the furthest away of the aforementioned Brazilian airports).
Sources: Aviacion News 31May12, 07Jun12, 14Jun12
http://www.airwaysim.com/forum/index.php?topic=6649.0
Wikipedia
Photos: Phil Perry
Bariloche is a city of 108,000 people located on the shores of Lake Nahuel Huapi in the central western Patagonia region of Argentina near the Chilean border. It is a year-round tourist destination and the number one winter ski resort in Argentina in terms of number of skiiers taking advantage of the nearby Cerro Catedral mountain. Argentines and Brazilians are the main visitors but many Europeans and Americans visit Bariloche too.
Aerolineas Argentinas 737-700, LV-CBF, at AEP on 17Sep10
Aerolineas Argentinas / Austral
Aerolineas Argentinas increased the number of flights it operated from Buenos Aires to Bariloche (BRC) in June to 35 weekly with 28 being from Aeroparque (AEP) and 7 from Ezeiza (EZE). The carrier will further increase its flights between the two cities to 45 per week for the peak ski season of July and August. Flights to Bariloche (BRC) will also be increased from Cordoba (COR), Argentina's second-largest city and Mendoza (MDZ) its fourth-largest metropolis. Aerolineas will also operate thrice-weekly scheduled flights from Sao Paulo, Brazil (GRU) to Bariloche (BRC).
LAN Argentina A320, LV-BHU. landing at AEP on 03Oct10
LAN Argentina
Starting in July, LAN Argentina will fly up to five daily flights from Buenos Aires Aeroparque (AEP) ro Bariloche (BRC) and nine daily flights on weekends using the carrier's Airbus A320 aircraft.
TAM A320, PR-MBB, preparing for takeoff at AEP on 11Feb12
GOL 737-800, PR-GGA, at AEP on 11Feb12
TAM & GOL
Reflecting the strong Brazilian interest in skiing at Bariloche, the two main Brazilian airlines, TAM and GOL have been authorized by the Argentine National Civil Aviation Administration (ANAC by its Spanish initials) to operate 140 charters from Brazil to Bariloche (BRC) during July and August. The originating airports will be Belo Horizonte (CNF), Porto Alegre (POA), Rio de Janeiro (GIG), and Sao Paulo (GRU) with the services being flown by GOL 737-700's and -800's plus TAM A320's (plus possibly TAM A330's as BRC's 2,348 meter / 7,703 ft. runway can probably handle them when they only carry enough fuel to fly to GIG, the furthest away of the aforementioned Brazilian airports).
Sources: Aviacion News 31May12, 07Jun12, 14Jun12
http://www.airwaysim.com/forum/index.php?topic=6649.0
Wikipedia
Photos: Phil Perry
Sunday, July 1, 2012
BQB's Owner Negotiating to Acquire Former Leadgate Shares in PLUNA
PLUNA CRJ-900 CX-CRA landing at AEP on 24Sep10
BQB Lineas Aereas owner Juan Carlos Lopez Mena is negotiating with the Uruguayan government to acquire the PLUNA shares formerly owned by the group headed by investment company Leadgate. Mena would pay between US$ 60-63 million for 75% of the Uruguayan national airline subject to an audit of the carrier with the main purpose being to discover any long-term obligations that Leadgate might have committed to that are not readily apparent.
Should the negotiations be successful, the new majority owner would downsize the airline reducing PLUNA's payroll by 200 jobs and returning 3-4 aircraft to Bombardier, their manufacturer. The reductions and return of aircraft would be partly offset by BQB's proposed expansion that would see that airline acquiring two CRJ-200's and adding 80 jobs.
Canadian commuter airline Jazz, that was a minority partner in the ownership group headed by Leadgate, has the right to make the first offer for the shares during a 30-day period (which expires July 15) but it has been disclosed that Jazz's only interest is to pursue a business plan to recover the US$ 15 million investment it made in PLUNA in 2010 but that was subsequently lost when the Jazz/Leadgate ownership group agreed to no compensation for their shares as part of the negotiation to exit the carrier. Once Jazz has recovered its money, it would exit PLUNA again. With the Canadian airline apparently having no long-term interest in PLUNA, it is unlikely that any offer it makes will be accepted by the Uruguayan government.
Stay tuned to see how things develop in the fast-changing situation of PLUNA, Uruguay's national carrier.
Source: El Pais Uruguay 30Jun12
Photo: Phil Perry
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