Canada and US closely monitoring Uruguay’s flag air carrier in the brink of default

Tuesday, June 5th 2012 - 07:46 UTC

Full article 5 comments

The governments of Canada and the US are “concerned” and “closely following” events in Uruguay’s flag air carrier Pluna since banks and an investment fund from the two countries are heavily involved in the running of the money-loosing company is spite of repeated financial support from the Uruguayan government. Read full article

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ManRod
No prob, Lan Uruguay will take it's place and do things right...
Jun 05th, 2012 - 12:29 pm - Link - Report abuse 0
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ChrisR
Although I love Uruguay and living here I have to ask myself a simple question.

Why does a country of only 4.5 million people, hardly any of who will ever fly in a plane, need a flag carrier?

If, as it looks, it is a case of being in with the big boys then they need to suck the mop and just get on with it.

Any airline facing regional competition with aircraft being fueled a whopping 40% cheaper (Aerolinas Argentina) than they have to pay ANCAP the national fuel monopoly, which in ANY event is 10% more expensive than any other fuel supplier, is bound to be facing much greater costs.

Incidently, it could be argued that the UYU government are already getting a dividend (the 10% extra fuel cost that is paid to them) than any other shareholder.
Jun 05th, 2012 - 03:20 pm - Link - Report abuse 0
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me@ez
@2
And this same simple question goes for Bolivian AeroSur...
http://www.laprensa.com.bo/diario/actualidad/economia/20120605/gobierno-y-aerosur-se-reunen-en-santa-cruz_26703_42662.html
Jun 05th, 2012 - 04:44 pm - Link - Report abuse 0
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ChrisR
3 me@ez

Absolutely correct.

There used to be a joke / truism in the UK car sales business (which I was in for a few years) it went:

How do you make a small fortune in car sales?

You start with a big one!

But worse I suppose with airlines. :o)
Jun 05th, 2012 - 07:39 pm - Link - Report abuse 0
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MistyThink
Monitoring from British Columbia !
Jun 06th, 2012 - 08:49 am - Link - Report abuse 0
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