A few months after the entry of its new owner – the American Fund COC Global-, Low-cost airline Flybondi has announced the largest self-funded expansion plan in its history.
A project that requires investment 1.7 billion US dollars Thinking of buying 35 aircraft 0 km Which will be integrated into its current fleet – consisting of 15 aircraft – from 2027 to 2030. It also plans to reach the Caribbean and northern Brazil.
The Yellow Line reported the plan at a press conference it was part of Historian. There, Mauricio Sanna, CEO of the company, indicated that FlyBondi had signed an agreement with the two largest aircraft manufacturers in the world, Boeing and Airbusat the same time as he revealed the airline’s next steps.
“It’s the biggest FlyBundi news of the last eight years and the next five.” SANA analyzed, while indicating that the airline will add 20 Airbus A220 aircraft With a capacity of 160 passengers – FlyBondi will be the first operator in Latin America of this type of aircraft 15 Boeing Max 10, A model that, in its maximum configuration, can transport a total of 230 passengers.
The new assets will be used for – Developing new markets, especially international markets. Although they can also be used to increase the supply of seats on national roads. “Having a very wide range, It allows us to start serving other markets, or even fly to short-haul destinations within Argentina that we couldn’t serve before. However, we have a dream of reaching the Caribbean or northern Brazil.” Executive power advanced.
Although the list of countries that FlyBundi could fly to in the coming years consists of most of the major countries in the region, such as colombia and peru, Paraguay appears to be first in line. “Today it is a strategic market for Flybondi. The fleet will mostly come to Argentina, but we will also develop the aviation market in Paraguay.He said. On Monday, December 1, FlyBondi resumed its flights to Asuncion from Buenos Aires, and in the coming days, it will begin flying from Cordoba.
This increase in the fleet You will grow Flybondi’s other important businesses: Ramp service. The company is the only low-cost company that provides the service itself in 80% of flights operated bythat’s why This unit will grow as new aircraft are incorporated. And in turn, according to Sana himself, he must “Adapting their services to new models.”
This ambitious investment plan for the Yellow Line is the largest in its history and comes just six months after the entry of COC Global, businessman Leonardo Scatoris, as a major shareholder in the company. Sana confirmed this The American Fund will lead the financial management of the entire project.
Meanwhile, Leonardo Scatoris, Chairman and CEO of COC Global EnterpriseHe said: “Today we take a historic step for FlyBondi. Investing $1 billion in integrating new aircraft reaffirms our commitment to the growth of the region. This decision enhances its operational capacity, promotes the generation of thousands of jobs and improves connectivity between countries and cities, boosting the economy and creating new opportunities for all. Investment is secure, and today we believe in the future more than ever.
Flybondi bet for the summer season
The company also has big plans for this season. Flybondi plans to operate through the summer 15,000 flights carrying 2.8 million passengersAn increase of 56% over last year. For this reason, in September it announced an investment of US$90 million to add 10 aircraft under the ACMI (Aircraft, Crew, Maintenance and Insurance) method. This is a method widely used in the industry to consolidate aircraft seasonally, so that airlines can cover the high seasonal demand generated in Argentina between December and March.
While some aircraft will be used to improve frequency on existing routes, approx 35% of operations with the new ACMI will be via connections that the company has never traveled beforewhich will allow the offer to be expanded to include destinations such as Asuncion, Iguazu, El Calafate and Ushuaia, focusing on Cordoba as the second hub.
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