Monday, July 30, 2012

Paraguayan state airline, Sol of Paraguay, going out of business - Prensa Latina

Escrito por Sue Ashdown   
lunes, 30 de julio de 2012
Imagen activa30 de julio de 2012, 13:03Asuncion, Jul 30 (Prensa Latina) The Paraguayan state airline, Sol of Paraguay announced today that it was going out of business because of the economic crisis it has suffered due to the isolation of the country after the constitutional president, Fernando Lugo, was deposed. A press release from the company said that the causes of the disappearance of its regular operations, starting August 1st, are the financial crisis in the region and the lack of support from neighboring countries, in allusion to the sanctions imposed by Mercosur and Unasur.

These things are limiting our growth and causing irreparable economic damage, said the airline.

The state airline operated for nine months and achieved 12 percent market share, according to the National Directorate of Civil Aeronautics, but the lack of international recognition of the government that took over from Lugo affected its business in other South American countries.

sgl/sa/lac/jrr

Modificado el ( lunes, 30 de julio de 2012 )
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