Overview
- Flybondi resumed services Tuesday after almost two weeks on the ground, operating a sharply reduced schedule with only two to four aircraft active and plans to reach eight planes in an initial recovery stage.
- The new majority owner COC Global Enterprise said its due diligence, which runs through July 31, showed substantial divergences in records and led to the removal of the previous CEO and parts of the former management team.
- COC says it has invested about US$70 million, appointed aviation adviser Esteban Tossutti and launched a phased fleet-recovery program to restore aircraft availability and adjust ticket sales to actual seat supply.
- The airline secured a fuel agreement with YPF that requires advance payments, a condition COC says is needed because of past supplier debts and has constrained operations while several aircraft remain sidelined for maintenance or are stuck abroad.
- Regulators and passengers remain affected after months of high cancellation rates and ANAC infraction records, with thousands of cancelled flights reported over the past 12 months and ongoing uncertainty for employees, creditors and travelers as recovery and possible legal actions proceed.