Pluna Lineas Aereas Uruguayas (Montevideo) will be shut down permanently according to a report by Reuters.

The government of Uruguay has decided to close down its bankrupt carrier after failing to find new investors to replace investment fund Leadgate which has pulled out. Uruguay assumed control over Pluna in June 2012 after Leadgate, which controlled a 75 percent stake, refused to contribute more capital according to Reuters.

The government is considering establishing a new flag carrier.

PLUNA (Primeras Líneas Uruguayas de Navegación Aérea) was established in September 1936 and started operations on November 20, 1936.

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Copyright Photo: Marcelo F. De Biasi. Pluna operated 13 Bombardier CRJ900s, each in an unique color and design.

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