AeroSur (Santa Cruz), struggling with mounting debts and unpaid employees threatening legal action, received another batch of bad news and has shut down all operations. American investor William Perry has declined to invest in the struggling carrier. The last flight was a domestic flight operated on May 17.
The unions are meeting today in Bolivia to consider taking criminal and legal action against the owners of AeroSur according to this report by La Razon.
AeroSur (Santa Cruz) is down to one aircraft and one domestic route as the struggling near-bankrupt Bolivian carrier talks to William Petty of Colorado and Franklin Mining. Mr. Petty is not interested in assuming the debts of the airline according to the Associated Press and this article by The Washington Post.
Meanwhile unpaid employees are going on a hunger strike to protest the lack of pay in Bolivia.
AeroSur (Compañía Boliviana de Transporte Aéreo Privado Aerosur, S.A) (Santa Cruz) which we previously reported, ceased all operations on March 31 stranding some passengers. The company filed for bankruptcy protection and reorganization.
The Bolivian airline managed to resume a limited schedule with at least two Boeing 737-300s on April 6. Per the Amadeus schedule listings, the carrier has reduced its schedule by at least 52 percent from the previous pre-bankruptcy schedule. In addition, the airline has been canceling scheduled flights which has been reported by the media as it attempts to reorganize.
However the airline faces a daunting task. On April 24 IATA canceled the AeroSur code which now prevents travel agents and other IATA airlines from purchasing tickets on the airline. The airline can only sell tickets in its offices. However recent media reports in Bolivia indicate most AeroSur offices are now closed so the status of the airline is minute to minute. The airline is also threatening to lay off 1,200 employees in Bolivia.
Read the latest report from El Tribuno (in Spanish): CLICK HERE
Copyright Photo: Diego Ruiz de Vargas. CP-2603 arrives at MAD in a new yellow version of the distinctive "Super Torismo" color scheme.
AeroSur (Bolivia) (Santa Cruz) added its first Boeing 747-400 on November 4, 2009 when ex-Virgin Atlantic Airways 747-443 G-VROM (msn 32339) was acquired as CP-2603. The type is now flying the Madrid route.