Colombian carrier Aces will return eight ATR 42 turboprops to leasing companies as part of a reorganization plan by parent group Alianza Summa. Last month Summa announced a 30-percent cut in both its fleet and its workforce of some 7,500 employees as its flagship airline, Avianca, struggled to emerge from bankruptcy. Alianza Summa was formed last year by a merger of Avianca, Aces and Sam but has been hit hard by rising fuel and insurance costs, the war in Iraq and depreciation of the peso.
Colombian airline to return eight ATR 42s
- July 28, 2008, 11:46 AM