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Flybondi Faces Preventive Embargo as Fleet Falls to One to Three Planes

A supplier's AR$122.4 million preventive-embargo request shows cash shortfalls that could undermine Flybondi's ability to restore its fleet.

Overview

  • The carrier reached a preliminary deal with its in-house union to implement rotating suspensions that guarantee 70% of affected workers' pay, a measure that still needs homologation by the Secretaría de Trabajo.
  • Operational capacity collapsed this week to between one and three active aircraft, forcing mass cancellations that a consultant says totaled about 2,500 flights and affected more than 350,000 passengers over the past year.
  • On May 26 a long-time supplier, Manuel Tienda León, filed the first preventive-embargo request against Flybondi for roughly AR$122.4 million after failed mediation and unpaid invoices.
  • Recent executive departures have left a leadership gap after CEO Paz Lovisolo resigned, with day-to-day operations handled by the operations manager, raising questions about strategic direction under new owner COC Global Enterprise.
  • The company has cut staff through voluntary retirements that reduced headcount by about 300 to near 1,200 employees, lost parking slots at Aeroparque, and faces market speculation about a shift toward cargo that the airline denies while it explores options including talks with Paraguay's aviation authority.