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Allegro Goes Bankrupt!  
User currently offlineLeoDF From Mexico, joined Aug 1999, 359 posts, RR: 5
Posted (10 years 10 months 1 week 22 hours ago) and read 2865 times:

Hi everybody!

After all the good news generated in Mexico, here's one that I did not want to hear. According to justplanes.com, Allegro was forced to shut down, after they could not pay leasing fees on 14 aircraft and 12 engines.

This should be a direct result of the impoundment of 3 aircraft in the US, MD-83's I believe, after Pegasus sued for payment delays. This caused the cancellation of all of Allegro's flights to the US, including their popular charters, which, according to the Commercial Director, accounted for 60% of all revenue passengers.

Oh well, another defunct airline in Mexico in less than 6 months. This could be a great opportunity for Azteca and Aviacsa! Let's see what's their strategy!

Farewell Allegro!

A. De Leo


Lloyd Aereo Boliviano
13 replies: All unread, jump to last
 
User currently offlineMariner From New Zealand, joined Nov 2001, 25260 posts, RR: 85
Reply 1, posted (10 years 10 months 1 week 22 hours ago) and read 2795 times:
Support Airliners.net - become a First Class Member!

LeoDF:

Here's some more about it:

http://www.timesstar.com/Stories/0,1413,125~1486~1768946,00.html

cheers

mariner



aeternum nauta
User currently offlineLeoDF From Mexico, joined Aug 1999, 359 posts, RR: 5
Reply 2, posted (10 years 10 months 1 week 22 hours ago) and read 2772 times:

Thank you very much Mariner!

It's a pity to read this kind of news!!




Lloyd Aereo Boliviano
User currently offlineMexicana757 From United States of America, joined Apr 2001, 3042 posts, RR: 28
Reply 3, posted (10 years 10 months 1 week 21 hours ago) and read 2638 times:

Sad to see Allegro heading in the bankruptcy direction. They should just give back the airplanes that are owned by Pegasus. In the link that Mariner gave us it says that they plan to fly within Mexico only since they are banned from flying in the United States. Owing $40 million in fees is a lot of money. It will be tough to pay that off if their business is going to be only withing Mexico.

Another airline with bad management. By being banned to fly into the U.S. thats their death. Since it says it was 60% of their revenues.


User currently offlineGhost77 From Mexico, joined Mar 2000, 5222 posts, RR: 51
Reply 4, posted (10 years 10 months 1 week 21 hours ago) and read 2642 times:

Indeed bad news, but I think it was something that sooner or later was going to happen taking into consideration that the B727 fleet was grounded and a lot of flights were cancelled a month ago.

Ok, before their crisis and a fleet of 13 aircraft (6 727s, 7 MD80s) LL had flights between:

OAK-CUN
OAK-GDL
OAK-BJX
OAK-GDL-MEx
OAK-BJX-TLC

LAS-TIJ-CUN
LAS-TIJ-BJX-CUN
LAS-TIJ-GDL-CUN
TIJ-LAS
LAS-TIJ-MEx
LAS-TIJ-OAK
LAS-TIJ-TLC
TIJ-BJX
TIJ-GDL

SJD-PVR-OAK

GDL-CUN
GDL-MEx

After studying the routes, I could say:

Mexicana will get benefits from OAK routes and will increase frequencies or ugprade equipment to this airport.

I think Aviacsa will be the one getting all pax from LAS, TIJ and BJX.

And those daily routes to CUN from TIJ, GDL, MEx, passengers will be going now with Aviacsa, Azteca and Magnicharters....!

Was nice to see you in our skies Allegro! Hope all LL's staff find a job soon in another airline!

Ricardo Morales - APM  Smile




Ricardo Morales - flyAPM - ¡No es que maneje rapido, solo estoy volando lento!
User currently offlineFly727 From Mexico, joined Jul 2003, 1789 posts, RR: 19
Reply 5, posted (10 years 10 months 1 week 20 hours ago) and read 2554 times:

Allegro is NOT bankrupt and is STILL operating domestic destinations with very acceptable loads in the high 60's.

They grounded the fleet of fuel-thirsty 727s just like any other airline in the world is doing. Because of this move they also grounded some 60 pilots that are getting almost they entire paycheck despite they are not flying a single hour. They have re-negotiated their debt with their main creditors (including Mexican authorities) and AFAIK they are about to negotiate with Pegasus.

Allegro already has non-Pegasus metal about to be ready to go and the plans for a complete substitution of their MD80 with newer equipment is still going on.

It's been tough, specially for the entirely private airlines as Allegro, but as an insider, let me cool you down. It is still up and going. Future is not very certain but Allegro is already taking the right steps towards recovery. If continue in that path the future should be much clearer.

Saludos
RM  Smile



There are no stupid questions... just stupid people!
User currently offlineLeoDF From Mexico, joined Aug 1999, 359 posts, RR: 5
Reply 6, posted (10 years 10 months 1 week 17 hours ago) and read 2438 times:

So, Allegro is still flying within Mexico?

But even though, they still owe a lot of money! Court decision!

Well let's see what happens, I'm looking towards the sky to see an Allegro, but haven't seen one all day!

If indeed they are still operating, sooner or later, to my point of view, they'll have to cease operations. We could see some pressure from the FAA and of course Mexico's DGAC, will probably not argue with that!

Hope it turns out fot the best!

A. De Leo



Lloyd Aereo Boliviano
User currently offlineLatinPlane From United States of America, joined Dec 1999, 2724 posts, RR: 14
Reply 7, posted (10 years 10 months 1 week 17 hours ago) and read 2365 times:


So what domestic routes is Allegro still flying? Hope they resolve their problems.

 SmileLatinPlane


User currently offlineFly727 From Mexico, joined Jul 2003, 1789 posts, RR: 19
Reply 8, posted (10 years 10 months 1 week 15 hours ago) and read 2271 times:

Believe me, we are still in the air and will be for the immediate future.... some good surprises are just around the corner; can't say more. Stay tuned.

Currently serving: CUN, MEX, GDL, TIJ, BJX, TIJ and TLC.

Saludos
RM  Smile



There are no stupid questions... just stupid people!
User currently offlineCopaair737 From , joined Dec 1969, posts, RR:
Reply 9, posted (10 years 10 months 1 week 13 hours ago) and read 2143 times:

Could Aviacsa open up OAK or SFO in the future?

User currently offlineORD747CLE From United States of America, joined Nov 2003, 240 posts, RR: 0
Reply 10, posted (10 years 10 months 1 week 13 hours ago) and read 2102 times:

I'm sorry to hear about Allegro, I really am. I feel bad for the people that were put out of work (although it sounds like many are still being paid!).

However, as a consumer, I flew two segments on Allegro, both charter: DAY-CUN, CUN-DAY. I have never seen a plane with so many seats packed in, the seat pitch was horrible and I felt like I was on a refugee plane there were so many seats so close together. The service was a joke and the boarding process was complete chaos.

Also, nobody spoke English and we had to stop twice on our way to CUN to gas up because it was cheaper in the South. We even saw the pilot pay the gas company in cash!!

I am surprised they were even allowed to fly into the US in the first place.

Sorry again to everyone involved, I hope things work out so nobody else loses their jobs.

Ord747Cle


User currently offlineLeoDF From Mexico, joined Aug 1999, 359 posts, RR: 5
Reply 11, posted (10 years 10 months 1 week 12 hours ago) and read 2014 times:

Fly727:
It seems as if you worked for Allegro. The plans sound interesting! Hope to see them soon materialized!




Lloyd Aereo Boliviano
User currently offlineIMissPiedmont From United States of America, joined May 2001, 6293 posts, RR: 33
Reply 12, posted (10 years 10 months 1 week 10 hours ago) and read 1955 times:

"..the impoundment of 3 aircraft in the US, MD-83's I believe."

That would be the 2 727s and 1 MD-80 mentioned in a previous thred. All 3 are ditting on the Hamilton Aviation ramp at this minute. No others as of this morning. If Allegro is truly dead, there will be more by Wednesday or Thursday.

How many more sardines can be fit into that can?



Damn, this website is getting worse daily.
User currently offlineFly727 From Mexico, joined Jul 2003, 1789 posts, RR: 19
Reply 13, posted (10 years 10 months 6 days 14 hours ago) and read 1870 times:

No., I'm not currently employed by the airline; I'm freelance who offers its knowledge and expertise in the training field, and Allegro is just another of my customers; but I happen to know several members of the board and they frequently disclose to me vital information. Trust me., if this works, we'll have Allegro for many years to come.

RM  Smile



There are no stupid questions... just stupid people!
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