Air Nostrum still sees investment opportunities in Latin America despite the collapse of Argentinian regional carrier Sol earlier this year.
Discussing the market at the Routes Europe strategy summit today, the airline's network planner and scheduling director Miguel Oliver said: "We think there are more projects to go, not just in South America but also in Central America and more opportunities to export the model that we have here in Europe to South America and Central America."
His comments follow the Spanish regional carrier's decision to activate an exit clause in its investment in Sol, which collapsed in January.
Air Nostrum took a minority stake in Sol in September 2015, as part of a deal under which it was chosen as the technical partner to renew the carrier's fleet by helping it replace Saab 340s with Bombardier CRJ200s.
That followed a capacity-purchase deal struck the previous month by Sol and Aerolineas Argentinas. Under this agreement, Sol would have operated domestic flights feeding into the national carrier's network. However, the pact unravelled when Aerolineas Argentinas decided to withdraw, a decision Oliver says followed a change in the management of the flag carrier.
BoA Regional, a new joint venture in Paraguay with Bolivia's national carrier Boliviana de Aviacion, is "going well" and the airline is busy "developing new routes and working on new traffic rights to Brazil", says Oliver.
Source: Cirium Dashboard
