Tag Archives: CL6002D24

Bombardier gets ready to deliver the first CRJ900 to China Express Airlines

China Express Airlines (Giuyang) is getting ready to take delivery of its first Bombardier CRJ900 (CL-600-2D24). Bombardier has brought this brand new jetliner to Farnborough Airshow prior to the official handover.

The Chinese airline ordered six CRJ900 NextGen aircraft and options on an additional five on October 26, 2011 initially as undisclosed customer. The CRJ900s will build upon China Express’ existing fleet of five CRJ200 aircraft, serving to further enhance the airline’s regional network.

China Express is China’s first private regional airline based in Guiyang, Guizhou.

The airline was established in May 2006 with operations commencing in September 2006. The airline is owned by Cathay Fortune (40%), High Zero (25%), Tampines International (24%) and others (11%).

Copyright Photo: Antony J. Best. CRJ900 (CL-600-2D24) with the test registration of C-GIAZ (msn 15277) taxies into the display area at FAB on July 6, 2012.

Hot New Photos:

Pluna to be permanently shut down

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.

Read the full report: CLICK HERE

Pluna:

Video:

Route Map:

Please click on the map to expand.

Pluna cancels all flights until tomorrow morning

Pluna Lineas Aereas Uruguayas‘ (Montevideo) has cancelled all flights until tomorrow morning due to a work stoppage by its unions fearing that some positions may be eliminated. The flag carrier is facing a financial crisis and could soon file for bankruptcy. The strike and cancellations started late on July 3.

The airline issued the following list oc cancelled flights (in Spanish): CLICK HERE

Pluna:

Chorus Aviation’s statement on its investment in Pluna

Chorus Aviation Inc. (Halifax) today (June 21) announced certain developments relating to Chorus’ investment in Pluna Líneas Aéreas Uruguayas S.A. (Montevideo).

In April 2010, Chorus (formerly the Jazz Air Income Fund) invested $15 million (USD) in Latin American Regional Aviation Holding Corporation (LARAH) in return for a 33.3% non-voting equity interest in the company, which translated into a 25% indirect ownership in Pluna. At the time of the investment, LARAH held an indirect 75% equity interest in Pluna; the Government of Uruguay held an indirect equity interest of 25%.

The Uruguayan government has taken control of Pluna, allowing the airline to continue operating. Chorus is working directly and cooperatively with the national government to produce and assess potential recapitalization and business plans for Pluna. As part of the proceedings, all of the shares in Pluna held indirectly by LARAH have been delivered in trust with the Montevideo Stock Exchange in return for certain conditions and indemnities from the Uruguayan government. There can be no assurances as to the extent of Chorus’ participation and involvement. Further, there can be no assurances that a successful recapitalization of Pluna will be accomplished, and if so, that Chorus will retain an equity stake or other investment therein.

Chorus is currently assessing the valuation of its original $15 million investment and how it will be accounted for in its second quarter financial disclosure planned for mid-August, 2012. The situation at Pluna has no effect on Jazz operations or current cash flows. Chorus will provide an update and share next steps upon the finalization of the review and will not speculate on the outcome or Pluna’s future.