Auction of Pluna’s Bombardier aircraft collapses: terms “non attractive” and “non viable”

Friday, September 14th 2012 - 05:18 UTC

Full article 7 comments

Uruguay’s attempt to auction the bankrupt national airline Pluna aircraft collapsed because none of the groups that showed an initial interest turned up arguing that the 136 million dollars for the seven Bombardier CRJ900 NextGen was “not attractive” and considered the whole business deal “non viable”. Read full article

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ChrisR
Well I hate to say 'I told you so', but I did.

I still think a realistic asking price is USD 80 million, assuming adequate maintenance records and no fatal damage reports (to the airframes).

The buffoon running the sale needs to be replaced with someone a little more savvy and worldly-wise.

Three bidders cannot give transparency? WTF is he worried about, a concert party?

If they persist with the stupid way they are attempting this sale these aircraft will continue to deteriorate and lose even more value.

At least Pepe seems to be holding his ground on getting rid of the turkey.
Sep 14th, 2012 - 11:04 am - Link - Report abuse 0
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yankeeboy
Considering Uruguay's main business is tourism they should make it really cheap to get there. Free landing at the airports with huge incentives to make Montevideo a hub. They should consider Iceland Air as a model, they offer a 3 day stopover for free on the way to EU from USA with cheap flights from the East Coast USA.
Sep 14th, 2012 - 01:05 pm - Link - Report abuse 0
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British_Kirchnerist
What a fiasco, maybe they shouldn't try to privatise it at all?!
Sep 15th, 2012 - 01:04 am - Link - Report abuse 0
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ChrisR
3 BSK

“maybe they shouldn't try to privatise it at all?!” So I take it they should keep on running it with the government paying the bills?

You REALLY don't get it at all do you?

We are a country of 3.5 M! That's it.

There are more people employed by the government than work in the real, productive taxpaying economy and people like me who have retired but pay tax on the investments in the country itself.

Please remember that the government cannot earn money they only spend tax receipts.

SO, the money we real taxpayers have paid to the government they in turn give their employees in 'pay' which they then 'tax' them. But the employees cannot produce anything to grow the economy. Have you got the implications of this?

Pluna was consistently losing many tens of millions in US$ per year and would go on to do so (plus rises due to fuel and wages) for all time. For what? People like me to 'fly the flag' when we went on holiday? No-one else in the country who works at a 'normal' job would ever earn enough money to buy a ticket.

AND you want to make it so the poor sods who can't afford to fly on it have to pay even more taxes so the people like me can!

FFS start thinking about something else other than TMBOA and start to UNDERSTAND these countries you seem to love so much but have never been to, never paid taxes there and have NO IDEA OF WHAT THEY ARE REALLY LIKE.
Sep 15th, 2012 - 12:22 pm - Link - Report abuse 0
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Simon68
BK is an Argentine troll!!!!!!
Sep 15th, 2012 - 04:04 pm - Link - Report abuse 0
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UruguayBR
http://uruguaybr.com/2012/09/15/pluna-auction-news-experts-are-pessimistic-about-postponed-auctions-chances-for-success/
Sep 18th, 2012 - 02:10 am - Link - Report abuse 0
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ChrisR
6 UruguayBR

It is as I said in my original post, when this first came to light.

Unfortunately, much as I love Uruguay and the people, the government is loaded with immature (in the business sense) persons who just cannot understand that just because they say it, it does not make it work in the real world.

A classic example is the state owned companies are showing forward losses next year of US$1.14 billion! And with the exception of ANCAP (who have other companies like Petrobras and Esso - but they have to sell at the government set price) they are monopolies.

Monopolies, especially government ones, are renowned the world over for the worst of everything: extremely bad service, higher than necessary prices and all the foresight of a plank of wood.

And why should they care? No-one is going to get the sack unless they deliberately set fire to the premises or something equally ludicrous.
Sep 18th, 2012 - 11:55 am - Link - Report abuse 0
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