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PLUNA S.A.: TRANSFER THE MADRID ROUTE TO THE GOVERNMENT

Written by thomas · Filed Under Commercial 

September 5, 2008

thomas

Based on all the controversy surrounding the “born again” airline’s decision to cancel its flights to Madrid, Leadgate, which has control and management of the airline has proposed that the government, through its ownership in PLUNA ENTE which owns the minority stake in the airline, take over the B767 and personnel required in order to maintain the route. PLUNA S.A. would provide the technical and marketing support required to maintain the operation which would be at the government’s risk. In a public statement the airline’s CEO, Matias Campiani, stated: “if the government believes the Madrid operation is a strategic objective we are prepared to transfer the operation and provide whatever assistance and support is necessary. But our decision to suspend the route is based on the overall financial stability and future of the airline”. He also pointed out the airline has opened six new regional destinations in the past 12 months. It will also add direct flights to Asuncion in the next few months. He also stressed the fact that the code share agreement with Iberia means that its customers can now use their Pluna tickets to fly to and from Madrid and ten additional destinations in Europe. Finally, he also stated that if the government does not want Leadgate, as the 75% owner of the airline to manage the airline as a business, they are prepared to negotiate their leaving the airline under certain conditions.

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