After having renewed the Air Operator Certificate (COA) in Bolivia, Amaszonas announced that it has new plans for its medium and long term operation, which includes changing the name of the U.S. company’s brand to Nella Airlines Bolivia.

«When it was acquired, the company was failing to comply with several regulatory standards, and it is not possible to renew a concession for a regular airline if it is not 100% compliant with the country’s legislation and regulations,» says Cristiane Secco, a lawyer at Albuquerque Melo Bank, partner in charge of the firm’s M&A area and aviation specialist, who supported the legal restructuring work. «We have coordinated the entire project, from Nella’s acquisition of Amaszonas until now,» Secco continued.

According to Secco, the restructuring took almost a year and involved negotiations of lease agreements, labor, tax and supplier debts, as well as adjustments related to safety standards. «Based on Bolivian legislation, the task force acted firmly, preventing the company from going bankrupt,» Secco concluded.

New course for Bolivian airline

According to what was reported by our partner media, Aeroin, the company communicated that it seeks to certify the Boeing 737-800 to receive it in early 2023.

«The objective now is to strengthen international routes to Brazil, Chile, Argentina, Peru and Paraguay in the passenger segment,» revealed the company’s executive president, Mauricio Souza. In the cargo sector, there will be expansion between Bolivia and the United States, with two Boeing 737-800 (BCF) aircraft joining the fleet.

Currently, Amaszonas by Nella operates with three Embraer E190s in Santa Cruz de la Sierra (VVI), Cochabamba (CBB), Sucre (SRE) and La Paz (LPB) Bolivia, Iquique (IQQ), Chile and; Asunción (ASU), Paraguay; and plans to resume regular flights to Rio de Janeiro (GIG), São Paulo (GRU) and Foz do Iguaçu (IGU) in Brazil, in addition to adding Peru and Argentina to its network of destinations.

Nella Airlines Group, the U.S. holding company of the Nella Group, comprises Amaszonas by Nella (Bolivia) and Albatros by Nella (Venezuela), and is in the process of certification in Brazil, Chile, Paraguay and Portugal.