Air Transport World


AeroPeru halted domestic and international operations after international investors could not be found to rescue the failing airline. The 25-year-old carrier, which was privatized in 1993, has $174 million in debt of which $90 million had been restructured before the shutdown. Management plans to restructure the airline and bring it back to flying condition by the middle of the year.

Because the prospects for AeroPeru's return seem uncertain, local carriers are moving quickly to fill the void. Aero Continente plans to hire a number of AeroPerus technical staff while simultaneously lobbying the Peruvian government to be granted rights to 20 international routes,

New-entrant LanPeru, a joint venture of LanChile and Peruvian business conglomerate Peruval, was preparing to commence service on six domestic routes in Peru. …

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