The Bolivian airline Amaszonas, which had ceased operations three months ago, has completed the full transfer of its share package, marking a new phase in its restructuring efforts to resume flights.
According to a report from La Razón newspaper in Bolivia, this transition was finalized on November 8 with the confirmation that the new owner, Luiz Divino G. Ribeiro, now holds 99% of the shares, along with a minority package distributed among two other individuals.
See also: Bolivia’s Second-Largest Airline, Amaszonas, Has a New Owner
Néstor Ríos, Director of the Telecommunications and Transport Regulation and Supervision Authority (ATT), recalled that Amaszonas still holds a valid air operator certificate, valid until December 2024. The company now needs to coordinate with the General Directorate of Civil Aeronautics (DGAC) to register the airplanes with which it will resume its operations.
The Minister of Public Works, Édgar Montaño, had reported on October 19 about the request from Amaszonas for an additional period for the DGAC to register its planes. The DGAC, for its part, must verify how many aircraft Amaszonas will use and whether these have the necessary technical certificates, in addition to ensuring that the airline complies with the required documentation, including the aircraft’s guarantee policies.
The critical situation of Amaszonas was evident on August 8, when the DGAC withdrew the registration of its four Embraer E190 aircraft due to a debt of over $17 million with GY Aviation Lease 1816 Co. Limited. This situation worsened until the announcement, on September 28, of the sale of the company by its previous owner, Mauricio Souza, to Luiz Divino.
