Uruguay’s Pluna Air Lines has placed a firm order on three more 90-seat Bombardier CRJ900s worth $129 million at list prices, the Canadian manufacturer announced in late April. Based at Carrasco International Airport, near Montevideo, the flag carrier operates a uniform fleet of 10 CRJ900s, with which it provides both domestic service and international flights to Argentina, Brazil, Chile and Paraguay.
Halifax-based Jazz Air Income Fund has agreed to invest $15 million in Latin American Regional Aviation Holding (LARAH) in return for a 33.3-percent non-voting equity interest in the company and a minority stake in Uruguay’s Pluna Airlines. At the time of closing of Jazz’s investment, LARAH will hold an indirect 75-percent equity interest in Pluna. The government of Uruguay holds the remaining 25 percent.