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guillelds
Topic Author
Posts: 72
Joined: Sat Aug 07, 2010 4:20 am

TAME flies for bankruptcy.

Wed May 20, 2020 12:27 am

TAME (Transportes Aéreos Militares del Ecuador) has filed today morning its disolution and therefore, stop of every kind of operation. With a debt around 400 million dollar, the company serving domestic destinations within Ecuador and some few overseas, grounded all its fleets composed by 3 airbus aircraft and 2 ATR 42-500.
With this crisis provoked by the COVID 19 outbreak and most of countries confined, more bankrupctcies are coming mainly in LATAM, that according to IATA is the region in the world of more potential of airline filling for either protection agains creditors or disappearing.
Which one is the next?
Article in Spanish
https://aviacionaldia.com/2020/05/el-pr ... -tame.html
 
pipeafcr
Posts: 430
Joined: Sat Jun 13, 2009 1:47 am

Re: TAME flies for bankruptcy.

Wed May 20, 2020 12:36 am

Difference between bankruptcy and liquidation, anyways this is already being discussed here: viewtopic.php?f=3&t=1446459
Felipe Carrillo

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