Partly Canadian owned South American airline on the verge of bankruptcy

Wednesday, July 4th 2012 - 02:53 UTC

Full article 3 comments

Uruguay’s bankrupt flagship carrier Pluna decided on Tuesday to cancel all flights during 48 hours following an announcement from the union of a two-day strike to protest working conditions and rumours of 200 redundancies. Read full article

Comments

Disclaimer & comment rules

JohnN
Oh great, another example of our Canadian government giving big loans so that wonky air carriers buy Canadian airplanes (Pluna, Estonian Air, Iraqi Air, etc).

Doubt that Canadian taxpayer will ever see 10 cents returned on the dollar for all that subsidy.

So typical of the political influence in economy, given that most of those jets are built in Québec - province of big subsidy and corruption.

Embraer are probably laughing about this news.
Jul 04th, 2012 - 03:20 am - Link - Report abuse 0
-+
ManRod
don't mind, Uruguayans... at a certain point, you will be covered by LAN Uruguay in a near future. Then you won't have to mind about mismanaged airlines anymore.
Jul 04th, 2012 - 09:11 am - Link - Report abuse 0
-+
ChrisR
“The union measure is scheduled to last until midday Friday and is geared “to ensure the jobs of the 900 workers of the airline”, said the union chairman Alberto Prego”

Doesn't this clown realise that the strike is the LAST thing the company needs if it is to keep going?

Britain went through this nonsense decades ago, and it took a woman, with bigger balls than any of the men involved, to sort it out. Lady Thatcher saved british industry at that time.

But the unions should ask one question: why does a country as small as Uruguay, with 90% of the population unable to buy an air ticket NEED a flag carrier?

The real answer to that one, apart from BEING A SALVE to the inflated ego's of the government, is IT DOESN'T.

Everyone of us in the country who pay real taxes (as distinct from government employees who are bamboosled by the government to THINK they pay tax) are paying through the nose for these 900 jobs AND of course for ANCAP who charge 10% more for fuel than any other regional supplier.
Jul 04th, 2012 - 05:25 pm - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!