C010T3
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Pluna Shuts Down Indefinitely, To Be Liquidated

Fri Jul 06, 2012 12:05 am

After grounding all flights because of the announced strike by the employees, Pluna has decided to shut down operations indefinitely according to the Uruguayan press:

http://www.elpais.com.uy/120705/ultm...de-dejar-de-volar-indefinidamente/

Reuters already reports that the government has decided to liquidate the airline:

http://ar.reuters.com/article/topNews/idARL2E8I5F2S20120705
 
2travel2know2
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RE: Pluna Shuts Down Indefinitely, To Be Liquidated

Fri Jul 06, 2012 12:16 am

Any possible buyer want to pick-up what's left of PU? LATAM perhaps?
I'm not on CM's payroll.
 
Avianca
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RE: Pluna Shuts Down Indefinitely, To Be Liquidated

Fri Jul 06, 2012 12:19 am

wow I think that is an surprise!

Quoting 2travel2know2 (Reply 1):
Any possible buyer want to pick-up what's left of PU? LATAM perhaps?

on one side they would increse their footprint in SouthAmerica but on the other side they can already with the current LATAM group serve Uruguay as they want, as I can not imagine that their should be to much interesting domestic traffic for them in Uruguay.

cheers
Avianca
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AR385
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RE: Pluna Shuts Down Indefinitely, To Be Liquidated

Fri Jul 06, 2012 12:37 am

How is this a surprise? If anything the surprise is that PLUNA lasted this long.

I am somehow confused though. One article mentions that the airline will go into "Concurso de Acreedores". That is somehow akin to Chapter 11, not necessarily liquidation.

The other article, though, does use the word "liquidation" as in "liquidar la empresa."

Maybe there is some hope yet?
 
timpdx
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RE: Pluna Shuts Down Indefinitely, To Be Liquidated

Fri Jul 06, 2012 12:43 am

Wow, I just flew them in late May on one of their CRJs. Nice airline, fantastic terminal at MVD. The fare for the little hop from BA to Montevideo was $125 or so one way, figured for a 40 minute flight they were certainly making money, when it costs far less to go further between LA and SF, a farther distance where fares are 49-69 bucks. Sorry to see them go.

[Edited 2012-07-05 17:44:50]
 
YYCSpotter
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RE: Pluna Shuts Down Indefinitely, To Be Liquidated

Fri Jul 06, 2012 12:49 am

Quoting 2travel2know2 (Reply 1):
Any possible buyer want to pick-up what's left of PU?

I believe Chorus Aviation (Owner of QK ) was looking into purchasing PLUNA
I
 
queb
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RE: Pluna Shuts Down Indefinitely, To Be Liquidated

Fri Jul 06, 2012 2:02 am

Quoting YYCspotter (Reply 5):
I believe Chorus Aviation (Owner of QK ) was looking into purchasing PLUNA

Per wiki:

In April 2010, Chorus Aviation purchased a 33 1/3% interest in the Latin American Regional Aviation Holding Corporation (LARAH). In turn, LARAH owns a 75% interest in PLUNA, while the remaining 25% is owned by the Uruguayan government.

PLUNA's fleet consists of 13 Bombardier CRJ900s regional jet aircraft (90 seats in an all-economy class layout), with an average age of 2.7 years.

To prevent scope clause, Chorus could easily convert the cabin in two class seat layout (10J, 65Y like their CRJ705) and operate them in Jazz or Air Canada Express colors.
 
AR385
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RE: Pluna Shuts Down Indefinitely, To Be Liquidated

Fri Jul 06, 2012 2:07 am

Quoting queb (Reply 6):
Per wiki:

I believe that´s out of date. The articles cited by the OP mention that PLUNA is owned entirely by the Uruguayan government since sometime this year. May I believe?
 
G500
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RE: Pluna Shuts Down Indefinitely, To Be Liquidated

Fri Jul 06, 2012 2:08 am

sad sad news....

is Bombardier screwed or are they repossesing those airplanes?
 
plunaaircanada
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RE: Pluna Shuts Down Indefinitely, To Be Liquidated

Fri Jul 06, 2012 3:48 am

Really sad news it was thanks to PLUNA that I became interested in aviation, the pilots asked me if I wanted to land in the cockpit with them when I was 12 in June 2003. The a/c was a B733.  
(E)ngines (T)urning (O)r (P)assengers (S)wimming
 
757gb
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RE: Pluna Shuts Down Indefinitely, To Be Liquidated

Fri Jul 06, 2012 6:22 am

No surprise at all unfortunately...
Once the LeadGate group pulled out, the government (owner of 25% of the company) tried to convince Jazz to acquire the remaining 75% (Jazz had previously partnered with LeadGate). Jazz had actually a month to decide while Juan Carlos Lopez Mena (owner of BQB and already offering close to 70 million USD to capitalize the airline) waited for his chance.

While this was going on the union found out that Lopez Mena intended to reduce staff from 900 to 700 employees. As the airline was temporarily under the government's administration, the union came up with the brilliant idea of a 3 day strike (unions in Uruguay are very much used to getting their way with the government). This caused Lopez Mena to change his mind and pull out of the negotiations. And damage done to the airline as far as reliability was tremendous: who the heck is going to buy a ticket with them anymore? If Jazz was already doubting any investment this was the final nail in the coffin.



Quoting AR385 (Reply 3):
I am somehow confused though. One article mentions that the airline will go into "Concurso de Acreedores". That is somehow akin to Chapter 11, not necessarily liquidation.

I am pretty sure "Concurso de Acreedores" in this case means liquidation. The way I see things now, all the routes become available and Lopez Mena can expand BQB at will. Now he doesn't have to deal with the Pluna union, can buy the CRJs if he wants to (I'm sure the government will bend over backwards to try to save the investment somehow) and can hire those ex-Pluna employees he wishes, paying them whatever he deems convenient.

I am sad to see Pluna go. I worked there and was proud when I did. But even back then you could see where things were headed...
God is The Alpha and The Omega. We come from God. We go towards God. What an Amazing Journey...
 
ogre727
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RE: Pluna Shuts Down Indefinitely, To Be Liquidated

Fri Jul 06, 2012 6:38 am

I think it is extremely sad to see 75-year old airline go. I flew them last year between Buenos Aires and Montevideo and I have to say that sevice was flawless, crew nice, airplane well kept. What a shame.
I am between the devil and the deep blue sea
 
B595
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RE: Pluna Shuts Down Indefinitely, To Be Liquidated

Fri Jul 06, 2012 6:43 am

All else aside, Pluna had one of the more colorful and imaginative liveries. Sad to hear they're gone from the skies.


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Gonzalo
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RE: Pluna Shuts Down Indefinitely, To Be Liquidated

Fri Jul 06, 2012 12:22 pm

Anyone here knows what protection ( from IATA or / + the Uruguayan Law ) have the people who have tickets booked with them ? I have very close relatives who are booked for a flight to Santiago in September, and apparently the airline will be six feet under well before...
Any help will be appreciated.

Thanks in advance.

G.
Gear Up!!: DC-3 / EMB-110 / Fairchild-227 / Ab318-19-20-21 / B732 / B763 / B789
 
cat3dual
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RE: Pluna Shuts Down Indefinitely, To Be Liquidated

Fri Jul 06, 2012 2:11 pm

Such a shame. As stated, one of the best looking CRJ schemes out there.


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braynfeeble
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RE: Pluna Shuts Down Indefinitely, To Be Liquidated

Fri Jul 06, 2012 3:38 pm

Sorry to hear this. My thoughts go out to the employees & their families.
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757gb
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RE: Pluna Shuts Down Indefinitely, To Be Liquidated

Fri Jul 06, 2012 4:01 pm

Quoting Gonzalo (Reply 13):

Hi Gonzalo. I am booked from SCL to MVD on the 14th. I'll be talking to my travel agent, though in my case everything is under a DL ticket, so it might be rescheduled that way. FWIW, I'll let you know whatever I find out.

Regards,
GB
God is The Alpha and The Omega. We come from God. We go towards God. What an Amazing Journey...
 
757gb
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RE: Pluna Shuts Down Indefinitely, To Be Liquidated

Fri Jul 06, 2012 5:25 pm

Quoting Gonzalo (Reply 13):

To summarize, they say they are trying to take care of those passengers flying in the next few days. Beyond that, they are saying that they might not be able to help. As far as the law, stranded passengers might have a right somewhere, but good luck getting any results soon...
God is The Alpha and The Omega. We come from God. We go towards God. What an Amazing Journey...
 
LVTMB
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RE: Pluna Shuts Down Indefinitely, To Be Liquidated

Fri Jul 06, 2012 5:36 pm

Are the CRJs owned by Pluna or leased from Bombardier? I hope that none of these birds ends up languishing at MVD/SUMU as it normally happens in Brazil. Many airports in Brazil have a few derelict remains of TransBrasil, VASP, etc. fleets. A sad view indeed.

LVTMB
 
challengerdan
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RE: Pluna Shuts Down Indefinitely, To Be Liquidated

Fri Jul 06, 2012 6:04 pm

Quoting queb (Reply 6):
To prevent scope clause, Chorus could easily convert the cabin in two class seat layout (10J, 65Y like their CRJ705) and operate them in Jazz or Air Canada Express colors.

It might sound that simple but it is not. Under the CPA, AC decides how many aircrafts and of what type QK will fly. This, in turn, is driven of course by markets needs but also with scope clauses with ACPA. I don't have the exact info on hand, but a part of the scope clause with ACPA pertains to a ratio of AC total ASM that can be flown by tier II carriers but also by the maximum size of the airplane, which happens to be "jet of 75 seats max". The reason that QK is operating the CRJ705 is because the CRJ900 is certified for 86 seats and AC is operating the EMB175, with 73 seats but certified to 88 seats max.

So in order for QK to take those frames, there would have to be a need for AC to use these, a boost in total AC system-wide ASM in order to keep the ratios under the limits and a waiver from ACPA for them to use the CR9 instead of CRA. Not gonna happen.



Of course this could all change after the collective bargaining agreement gets selected by the appointed Justice in a few weeks.
if your flight goes MX in YUL, I might be called to fix it!
 
MD11junkie
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RE: Pluna Shuts Down Indefinitely, To Be Liquidated

Fri Jul 06, 2012 6:26 pm

Quoting AR385 (Reply 7):
I believe that´s out of date. The articles cited by the OP mention that PLUNA is owned entirely by the Uruguayan government since sometime this year. May I believe?

Leadgate got out about a month ago, so the Uruguayan Government is the sole owner - you are correct in what you are saying.

Quoting 757gb (Reply 16):
Hi Gonzalo. I am booked from SCL to MVD on the 14th. I'll be talking to my travel agent, though in my case everything is under a DL ticket, so it might be rescheduled that way. FWIW, I'll let you know whatever I find out.

Regards,
GB

PU had ticketing/endorsement agreements with AR - in the MVD/AEP route where they switched passengers back and forth in case of any abnormalities - they will probably endorse all of their passengers into AR. In the MVD/AEP route they have also used Buquebus as an alternative.

PU had a severe case of cosmetics financials - everything was advertised as easygoing, and smoothly - however, 30 days after LeadGate's exit everything goes bust... I sincerely doubt that what LeadGate posted was the truth. Moreover, everything was done with Mr. Vazquez Government's conscent.

Saludos,
There is no such thing as Boeing vs Airbus as the queen of the skies has three engines, winglets and the sweetest nose!
 
757gb
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RE: Pluna Shuts Down Indefinitely, To Be Liquidated

Fri Jul 06, 2012 6:35 pm

Quoting MD11junkie (Reply 20):
PU had a severe case of cosmetics financials

Indeed... now it is being acknowledged that the real trigger for the ceasing of operations is the lawsuit filed against Pluna by ex Varig employees from Brazil. I just heard a number on a news report (unconfirmed) of 3500 million dollars   

What is confirmed by the report (Spanish only, sorry) is that the government is in a real hurry to get rid of the Pluna identity to avoid having to pay any money.

http://www.subrayado.com.uy/Site/not...la-creacion-de-una-nueva-aerolinea
God is The Alpha and The Omega. We come from God. We go towards God. What an Amazing Journey...
 
757gb
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RE: Pluna Shuts Down Indefinitely, To Be Liquidated

Fri Jul 06, 2012 6:39 pm

Quoting 757gb (Reply 10):
The way I see things now, all the routes become available and Lopez Mena can expand BQB at will.

And so it begins... BQB will be adding more frequencies between MVD-BUE to fill in the void:

http://www.elpais.com.uy/120706/ultm...vuelos-de-pluna-del-fin-de-semana/
God is The Alpha and The Omega. We come from God. We go towards God. What an Amazing Journey...
 
MD11junkie
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RE: Pluna Shuts Down Indefinitely, To Be Liquidated

Fri Jul 06, 2012 7:37 pm

Quoting 757gb (Reply 22):

And so it begins... BQB will be adding more frequencies between MVD-BUE to fill in the void:

http://www.elpais.com.uy/120706/ultm...mana/

Yep, BQB just sent me the schedule:

Saturday, July 7th,

5Q6163 MVD/AEP 10:50 hs. – 11:35
5Q6164 AEP/MVD 12:15 hs. – 13:30

5Q6169 MVD/AEP 14:10 hs. – 14:55
5Q6170 AEP/MVD 15:35 hs. – 16:15

5Q6177 MVD/AEP 17:00 hs. – 17:45
5Q6178 AEP/MVD 18:35 hs. – 19:15

5Q6181 MVD/AEP 20:00 hs. – 20:45
5Q6182 AEP/MVD 21:30 hs. – 22:15

Sunday, July 8th

5Q6151 MVD/AEP 06:50 hs. – 07:35
5Q6152 AEP/MVD 08:20 hs. – 09:05

5Q6153 MVD/AEP 09:45 hs. – 10:30
5Q6154 AEP/MVD 11:10 hs. – 11:55

5Q6165 MVD/AEP 12:30 hs. – 13:15
5Q6166 AEP/MVD 13:55 hs. – 14:40

5Q6167 MVD/AEP 15:15 hs. – 16:00
5Q 025 AEP/PDP 16:40 hs. – 17:30

5Q6175 MVD/AEP 16:00 hs. – 16:45
5Q6176 AEP/MVD 17:30 hs. – 18:15

5Q6179 MVD/AEP 19:00 hs. – 19:45
5Q6180 AEP/MVD 20:30 hs. – 21:15

Monday July, 9th

5Q6163 MVD/AEP 10:50 hs. – 11:35
5Q6164 AEP/MVD 12:15 hs. – 13:30

5Q6169 MVD/AEP 14:10 hs. – 14:55
5Q6170 AEP/MVD 15:35 hs. – 16:15

5Q6177 MVD/AEP 17:00 hs. –17:45
5Q6178 AEP/MVD 18:35 hs.- 19:15

5Q6181 MVD/AEP 20:00 hs. – 20:45
5Q6182 AEP/MVD 21:30 hs – 22:15

Saludos,

[Edited 2012-07-06 13:11:51]
There is no such thing as Boeing vs Airbus as the queen of the skies has three engines, winglets and the sweetest nose!
 
cedarjet
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RE: Pluna Shuts Down Indefinitely, To Be Liquidated

Fri Jul 06, 2012 11:22 pm

I am sad to hear this. What a history this airline had.

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multimark
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RE: Pluna Shuts Down Indefinitely, To Be Liquidated

Sat Jul 07, 2012 7:18 am

I wonder how much money Chorus Aviation flushed down the crapper on this one?
 
jonnyclark
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RE: Pluna Shuts Down Indefinitely, To Be Liquidated

Sat Jul 07, 2012 9:15 am

Indeed, sad to see them go, only a few months ago I rated them as number 2 of the top 10 modern liveries. They really did look special in the skies!

Here was my extract on them:

02. Pluna
This little South American airline I stumbled upon by accident, when doing some research for my previous company when it just started flying, and I was taken aback by its livery. It’s really something very special and has been thought through wonderfully. Somehow encapsulating an Escher style approach to the design. Each aircraft takes a slightly different vibrant acid colour to its livery but using the same pattern on the tail. The flock of birds give the airplane a sense of lightness and movement and quite simply, elegant. I’m looking forward to seeing one of these in real life.
(Including picture: http://thedesignair.wordpress.com/20...04/15/the-top-10-modern-liveries/)

Jonny
thedesignair.wordpress.com
Jonny, commercial pilot & founder of Thedesignair