Kavanagh
Topic Author
Posts: 123
Joined: Mon Nov 20, 2000 5:20 am

U AIR: Is It In Trouble?

Wed Jul 20, 2005 10:57 am

Today i was watching this argentinean tv gossip show INTRUSOS. And there, talking about Susana Gimenez they were saying that her new boyfriend is the vice president of U AIR and this company is almost in bankrupcy. In the show they mention a loan the uruguayan government gave to UAIR and that they are not paying salary. Is this all just gossip?

Thanks...
 
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viasa
Posts: 1437
Joined: Sat Jun 18, 2005 10:29 pm

U AIR: Is It In Trouble?

Wed Jul 20, 2005 9:57 pm

Yep! U Air stopped they operations some month ago - the two Fokker 100 are now back with TAM in full colors.
 
Kavanagh
Topic Author
Posts: 123
Joined: Mon Nov 20, 2000 5:20 am

U AIR: Is It In Trouble?

Thu Jul 21, 2005 7:05 am

ok viasa.
thanks a lot!
I almost believe UAIR was operating SCL MVD route!
 
CV990
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Joined: Sat May 22, 1999 3:49 am

U AIR: Is It In Trouble?

Thu Jul 21, 2005 7:23 am

Hi!

That's quite sad! Last June 2004 I was on my way to Assuncion via Ciudad Del Este and already inside my TAM Mercosur Fokker F100 at Curitiba when I took a picture of one of the U AIR F100's that was parked there. I wonder how civil aviation works at Uruguai?
regards
CV990, the Maserati of the skies!
 
PPVRA
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Joined: Fri Nov 12, 2004 7:48 am

U AIR: Is It In Trouble?

Thu Jul 21, 2005 7:29 am

Here we go again...

It's UAIR, a carrier that used to exist and was based in MVD. We are NOT talking about US Airways

edit: they had a couple of F-100s

Cheers,
PPVRA

[Edited 2005-07-21 00:30:22]
"If goods do not cross borders, soldiers will" - Frederic Bastiat
 
LipeGIG
Posts: 5050
Joined: Tue May 03, 2005 7:33 am

RE: U AIR: Is It In Trouble?

Thu Jul 21, 2005 8:10 am

They do a crazyness, choose debt for finance a new comer Low Cost Airline. But they forget some basic lessons from finance: debt needs interest and must be paid one day, it's not a perpetual public issuance. With bad results (loads was never higher than 55%), the equipment choosed was not the best for the south of Brazil (Tam mainly uses F100 on northeast routes were they are very appreciated by customers), and they start to fly on routes where competition is strongly established like GRU-MVD or without so much O&D market. And with 2 aircrafts they never could establish a hub or effective connections.
Also, Uruguay is well served with Pluna and some foreign carriers like Iberia, AA and RG.

The store in Sao Paulo Downtown has been closed after several months of rent delay.

Rgds,
Felipe
New York + Rio de Janeiro = One of the best combinations !