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dcajet
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Posts: 5348
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Brazil´s Itapemirim suspends operations

Fri Dec 17, 2021 11:46 pm

They only lasted 4 months. It's no secret they were running out of cash. They leave a trail of very unhappy customers.

https://www.aviacionline.com/2021/12/de ... perations/
 
jbs2886
Posts: 4035
Joined: Wed Apr 01, 2015 9:07 pm

Re: Brazil´s Itapemirim suspends operations

Sat Dec 18, 2021 12:09 am

dcajet wrote:
They only lasted 4 months. It's no secret they were running out of cash. They leave a trail of very unhappy customers.

https://www.aviacionline.com/2021/12/de ... perations/


Interesting - but its owned by a conglomerate, so kind of surprising there wasn't additional cash injections. I think that probably says a lot that the parent would rather temporarily suspend the airline than let it bleed more.
 
dcajet
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Re: Brazil´s Itapemirim suspends operations

Sat Dec 18, 2021 12:31 am

jbs2886 wrote:
dcajet wrote:
They only lasted 4 months. It's no secret they were running out of cash. They leave a trail of very unhappy customers.

https://www.aviacionline.com/2021/12/de ... perations/


Interesting - but its owned by a conglomerate, so kind of surprising there wasn't additional cash injections. I think that probably says a lot that the parent would rather temporarily suspend the airline than let it bleed more.


Not that the parent co. (a bus company) is flush with cash anyway. They have been in bankruptcy proceedings for a while now. Why they felt they could have the financial wherewithal to have a successful outcome launching an airline in the middle of a pandemic is something I wonder too... Truth is Itapemirim (the airline) has been a disaster since day one.
 
JJ777
Posts: 75
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Re: Brazil´s Itapemirim suspends operations

Sat Dec 18, 2021 12:40 am

Hardly a surprise. I just hope workers are duly paid what they're due and that they can find new jobs in the industry soon.
 
jbs2886
Posts: 4035
Joined: Wed Apr 01, 2015 9:07 pm

Re: Brazil´s Itapemirim suspends operations

Sat Dec 18, 2021 12:46 am

dcajet wrote:
jbs2886 wrote:
dcajet wrote:
They only lasted 4 months. It's no secret they were running out of cash. They leave a trail of very unhappy customers.

https://www.aviacionline.com/2021/12/de ... perations/


Interesting - but its owned by a conglomerate, so kind of surprising there wasn't additional cash injections. I think that probably says a lot that the parent would rather temporarily suspend the airline than let it bleed more.


Not that the parent co. (a bus company) is flush with cash anyway. They have been in bankruptcy proceedings for a while now. Why they felt they could have the financial wherewithal to have a successful outcome launching an airline in the middle of a pandemic is something I wonder too... Truth is Itapemirim (the airline) has been a disaster since day one.


Oh interesting; I didn’t know that, I just assumed if you started an airline during a pandemic that there was plenty of cash!
 
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ojjunior
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Re: Brazil´s Itapemirim suspends operations

Sat Dec 18, 2021 11:24 am

Who is surprised? Not me.
Then here we go. Itapemirim Air failed twice.
Nice job for whomever managed this "airline" since day 1 ( And before). What a masterminds!
 
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leleko747
Posts: 536
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Re: Brazil´s Itapemirim suspends operations

Sat Dec 18, 2021 1:35 pm

Sadly they were plagued by mismanagement since the beginning. Always trying to grow more than they could support.

Their care for customers was basically zero. This became quite evident when they suddenly put 4 aircraft (from their regular operations) to perform last-minute football charter flights to MVD, leaving several domestic flights cancelled (and customers pissed off for good). That was simply surreal.

It seems they didn't learn from Avianca Brasil mistakes...
 
ThalesCoelho
Posts: 55
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Re: Brazil´s Itapemirim suspends operations

Sat Dec 18, 2021 1:41 pm

It seems that It was just a money laundring machine. Their founder just opened a Company in UK with some billions of Reais (R$) in capital, while the airlines stops operations.
 
PB26
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Re: Brazil´s Itapemirim suspends operations

Sat Dec 18, 2021 2:48 pm

ojjunior wrote:
Who is surprised? Not me.
Then here we go. Itapemirim Air failed twice.
Nice job for whomever managed this "airline" since day 1 ( And before). What a masterminds!


There are differences between the two Itapemirim. The first was shutdown by the holding, the 727 cargo were sold and all employees received their rights. Not a failure as we know, just a exit from air cargo transport to focus in the bus services in that time.

The second is the Itapemirim's owner today (Sidney Piva), in the past was the Coca family.
 
JJ777
Posts: 75
Joined: Wed Jan 19, 2011 10:27 pm

Re: Brazil´s Itapemirim suspends operations

Sat Dec 18, 2021 2:56 pm

Truth be told: ANAC (Brazil's civil aviation agency) should never, EVER have granted 8I the right to start operating. It was clear from the beginning that their business was not going to hold up for more than a few months.

But then again, there's... This:

Image

For me this episode casts serious doubt on ANAC's independence, a scary prospect for Brazil's aviation business.
 
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zkojq
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Re: Brazil´s Itapemirim suspends operations

Sat Dec 18, 2021 4:31 pm

leleko747 wrote:
It seems they didn't learn from Avianca Brasil mistakes...


What was Avianca Brasil's mistakes?
 
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leleko747
Posts: 536
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Re: Brazil´s Itapemirim suspends operations

Sat Dec 18, 2021 8:48 pm

zkojq wrote:
What was Avianca Brasil's mistakes?


Quick expansion of services without regard to the related costs of this expansion, keep owing money to leasing companies and ground services, etc.
 
debonair
Posts: 4473
Joined: Sat Jan 03, 2004 10:50 pm

Re: Brazil´s Itapemirim suspends operations

Sun Dec 19, 2021 1:37 am

JJ777 wrote:
Hardly a surprise. I just hope workers are duly paid what they're due and that they can find new jobs in the industry soon.


True! The airline claimed having transported more than 600.000 passengers alone. Yeah right! Interesting article, worth reading:

https://playcrazygame.com/2021/12/05/it ... d-reality/
 
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REDHL
Posts: 115
Joined: Thu Nov 26, 2020 1:19 pm

Re: Brazil´s Itapemirim suspends operations

Sun Dec 19, 2021 2:38 am

ANAC has suspended Itapemirim's AOC. The article also has photos and a video of angry passengers demanding answers at the airline's counters.

https://diariodotransporte.com.br/2021/ ... es-aereos/
 
usflyer msp
Posts: 4593
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Re: Brazil´s Itapemirim suspends operations

Thu Dec 23, 2021 3:25 am

Now they are trying to blame their ground handler. Sounds like ITA Management is a bunch of liars IMHO.

https://www.aviacionline.com/2021/12/it ... heir-jobs/
 
dcajet
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Re: Brazil´s Itapemirim suspends operations

Thu Dec 23, 2021 5:29 am

usflyer msp wrote:
Now they are trying to blame their ground handler. Sounds like ITA Management is a bunch of liars IMHO.

https://www.aviacionline.com/2021/12/it ... heir-jobs/


Of course they are. They owed months' worth of salaries to their staff, be them contractors or employees. Did they expect people to keep on working while the airline was running out of cash, watching management rob Peter to pay Paul? They are just trying to pass the buck as they face a huge fine from the ANAC.
 
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ojjunior
Posts: 1084
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Re: Brazil´s Itapemirim suspends operations

Thu Dec 23, 2021 12:18 pm

dcajet wrote:
usflyer msp wrote:
Now they are trying to blame their ground handler. Sounds like ITA Management is a bunch of liars IMHO.

https://www.aviacionline.com/2021/12/it ... heir-jobs/


Of course they are. They owed months' worth of salaries to their staff, be them contractors or employees. Did they expect people to keep on working while the airline was running out of cash, watching management rob Peter to pay Paul? They are just trying to pass the buck as they face a huge fine from the ANAC.


Also Brazilian Federal Police has opened an investigation for cash evasion, fines to Itapemirim up to BRL 11million, about USD 2.5 million.
 
dcajet
Topic Author
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Re: Brazil´s Itapemirim suspends operations

Mon Jan 03, 2022 11:10 pm

Lessors are beginning to repossess some of the planes that used to fly for Itapemirim. PS-ITA (msn 2395) and PS-SFC (msn 2156), both belonging to DCAL 2 Leasing Limited are the first ones to leave Brazil.

https://aeroin.net/identificados-os-doi ... do-brasil/
 
dcajet
Topic Author
Posts: 5348
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Re: Brazil´s Itapemirim suspends operations

Sat Jan 08, 2022 4:35 am

The Attorney General of the state of Sao Paulo has asked the Courts to freeze the assets belonging to Grupo Itapemirim's CEO, Sidnei Piva and to declare the group's two companies, Viaçao Itapemirim and ITA Transportes Aéreos, bankrupt. In parallel, the country's air regulator, ANAC, has forbidden ITA from restarting with the sale of tickets.

https://aeroin.net/por-medida-cautelar- ... passagens/
 
JeremyXWB
Posts: 66
Joined: Mon Jun 15, 2015 9:04 am

Re: Brazil´s Itapemirim suspends operations

Sat Jan 08, 2022 12:11 pm

Is it safe to say that they're the first casualty of 2022? :duck:
 
dcajet
Topic Author
Posts: 5348
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Re: Brazil´s Itapemirim suspends operations

Sun Jan 09, 2022 12:06 am

JeremyXWB wrote:
Is it safe to say that they're the first casualty of 2022? :duck:


Probably the last of 2021 is more accurate. I doubt they will ever fly again.
 
dcajet
Topic Author
Posts: 5348
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Re: Brazil´s Itapemirim suspends operations

Sat Jan 15, 2022 3:10 am

What seems to be some sort of consumer advocacy office for the city of Rio de Janeiro has slapped Itapemirim Transportes Aereos with a R$12,016,480 fine (a bit over US$2 millions) for the way it shut down its operations with no fore warning to travelers.

https://aeroin.net/itapemirim-nao-respo ... procon-rj/
 
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LAXintl
Posts: 26116
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Re: Brazil´s Itapemirim suspends operations

Fri Feb 04, 2022 5:51 pm

Reported that two US equity funds in talks to purchase airline.

https://blogs.oglobo.globo.com/capital/ ... lhoes.html
 
dcajet
Topic Author
Posts: 5348
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Re: Brazil´s Itapemirim suspends operations

Fri Feb 11, 2022 5:35 am

PS-TCS & PS-MGF, 2 A320s operated by Itapemirim have left Brazl for storage at Blytheville, AK. Only PS-AAF remains in Brazil, and it doesn't appear able to go anywhere anytime soon. During the last weeks of Itapemirim´s operations, AAF had been used as a source of spares to keep the rest of the fleet flying.

https://aeroin.net/dois-avioes-da-itape ... ississipi/
 
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mercure1
Posts: 5534
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Re: Brazil´s Itapemirim suspends operations

Wed Apr 27, 2022 4:44 pm

New owners want to relaunch airline in 2022 serving 8 markets initially. Negotiating with lessors for replacement aircraft.

https://turismoemfoco.com.br/v1/2022/04 ... -destinos/
 
dcajet
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Re: Brazil´s Itapemirim suspends operations

Thu May 05, 2022 2:40 am

mercure1 wrote:
New owners want to relaunch airline in 2022 serving 8 markets initially. Negotiating with lessors for replacement aircraft.

https://turismoemfoco.com.br/v1/2022/04 ... -destinos/


Sale fell thru, citing the lack of judicial clarity surrounding Itapemirim.

https://aeroin.net/empresario-de-brasil ... es-aereos/
 
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AirKevin
Posts: 1062
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Re: Brazil´s Itapemirim suspends operations

Thu May 05, 2022 11:34 am

dcajet wrote:
PS-TCS & PS-MGF, 2 A320s operated by Itapemirim have left Brazl for storage at Blytheville, AK.

I assume you mean Blytheville, AR (Arkansas) and not Blytheville, AK (Alaska). There is no Blytheville in Alaska.
 
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REDHL
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Re: Brazil´s Itapemirim suspends operations

Thu May 05, 2022 8:31 pm

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