Posts: 81
Joined: Fri May 04, 2001 1:31 am

AVENSA: Dealing With The Crisis

Fri Jun 15, 2001 9:43 pm

What's happening these days in AVENSA is the long term effect of unclear visions or strategies, questionable political issues, capital abuse and a general deterioration of the quality, elements, equipments & human resources. An example of this: those hulks at the right of the picture were once new airworthy jetliners bought just a couple of years ago! Now, the new appointed management (under the wise leadership of Mr. W. Castro) established new order in the house. Positive results are showing; so more news coming! As for now, there's still a long way to improve... in order to save PAN AM's Latin sister.

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Photo © Thomas D. Mayes, Jr.

Posts: 2474
Joined: Mon Dec 27, 1999 11:05 am

RE: AVENSA: Dealing With The Crisis

Fri Jun 15, 2001 10:30 pm

According to some reports, Avensa owes about $1.5 million dollars to BP, which they haven't payed and BP is taking them to court because it is belived that Avensa is practicaly on the verge of shutting down.

Is Caracas-Porlamar the only domestic destination they have? Its also amazing how many planes (or carcasses of planes) they have parked at their maintenance base. They are cannibalising them to keep the few airworthy planes flying. I count at least 15 planes in that picture.

Things don't look too well for Venezuela's next door brother. Avianca and Aces have both stated they might go bankrupt if the government decides not to let them merge. While Aerolineas Argentinas is on the verge of dying. Things are not well in South America.

Best regards,
A. Diaz
Pan Am - The World's Most Experienced Airline.
Posts: 590
Joined: Wed Sep 20, 2000 12:17 pm

RE: AVENSA: Dealing With The Crisis

Sat Jun 16, 2001 2:26 am

Just a question Charvett... (by the way, it's really nice to find a venezuelan guy here, you're the fourth)


Posts: 81
Joined: Fri May 04, 2001 1:31 am

RE: AVENSA: Dealing With The Crisis

Mon Jun 18, 2001 3:03 am

Ah! forgot to tell that the current administration in AVENSA wasn't the one that threw the company overboard into receivership. That honor belongs to their former owners! We, as student aviation consultants are trying to help the airline not falling apart!