Argentine low-cost carrier Flybondi resumed scheduled passenger flights this week just as its new majority shareholder disclosed plans to review possible legal action against former executives over alleged fraud and financial irregularities.
One day after restoring commercial services, majority shareholder COC Global Enterprise said it had uncovered what it described as significant discrepancies between the airline’s reported financial condition and its actual situation. The group said a due diligence process remains underway and could result in fraud claims against executives who led the company before May.
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COC acquired control of Flybondi last year and said it has invested about US$70 million since taking over. According to the company, those funds failed to stabilize the airline because previous business decisions had been based on inaccurate information and operational practices now under review.
The operational shutdown ended after Flybondi reached a new agreement with fuel supplier YPF, allowing Jet A-1 deliveries to resume. Regular flights restarted on July 14, although the airline continues to operate a limited schedule with only four Boeing 737-800s available from a fleet of 13. A fifth aircraft is expected to return to service in the coming days.
The carrier is still rebuilding its network. Some domestic destinations remain unavailable until September, while international routes to Florianópolis, Salvador and Maceió continue to show later restart dates in the reservation system. Flights to Rio de Janeiro and Asunción remain available.
Flybondi’s recovery extends beyond its fleet. The airline has reduced its workforce to about 750 employees, with part of the staff still on suspended contracts while operations gradually resume.
The company entered the latest crisis after years of operational instability. Earlier this year, its domestic market share fell sharply and repeated cancellations, aircraft shortages and delays weakened its position in Argentina’s airline market.
During the first half of 2026, Flybondi accounted for nearly three-quarters of all flight cancellations recorded across Argentine airports.
