Link/Source:
https://worldairlinenews.com/2017/12/22 ... ry-1-2018/"According to the newspaper, the airline bank accounts have been frozen by the Ministry of Economy and Finance. Further, the Dirección General de Aeronáutica Civil (DGAC) has not granted authority to operate starting on January 1, 2018."
Isn't TAM Bolivia a division of the Bolivian military service.
Also they are one of the last 727-200 operators around.
TAM Bolivia is also having problems paying for 2 MA-60s in the fleet, and all remaining orders have been canceled.