Sale of Amaszonas is almost complete, says Bolivian government

The airline, which stopped flying in August due to non-payment of aircraft leasing, was sold by the Nella group to a local businessman

Amaszonas is in the final stretch of the process of transferring its shares to businessman Luiz Divino, informed the head of the Telecommunications and Transport Regulation and Supervision Authority (ATT) of the Bolivian government, Néstor Rios.

The Bolivian airline has not been flying since August 8, when the DGAC (the country’s civil aviation agency) suspended the registrations of four Embraer E190 jets that were part of its fleet.

The reason was the request from the lessor GY Aviation, which collects a debt of US$ 17 million from Amaszonas.

The Nella group, which took over the airline in 2021, tried to reverse the blocking of the planes in court, but the Bolivian government prevented the resumption of the E190s due to the lack of a valid leasing contract.

Of the four jets, two had already been out of service for months while the only two that were operating have been parked at airports in La Paz and Santa Cruz de La Sierra since then.

At the end of September, the CEO of Nella Airlines Group, Mauricio Souza, announced the sale of Amaszonas to Bolivian businessman Luiz Divino, but the conditions of the agreement were not revealed.

Amaszonas had been acquired by the Nella group, owned by Brazilian Mauricio Souza, in 2021

Amaszonas is expected to lose its Air Operator Certificate (AOC) this week as it is unable to resume its flights in the short term.

In light of the corporate transition, the carrier must go through a new certification process before relaunching its route network.

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According to Rios, the new owner intends to resolve the impasse with GY Aviation and reactivate the registrations for Embraer jets.

Even before suspending its flights, Amaszonas maintained a network of domestic flights and also to neighboring countries, resumed after a critical period during the pandemic.


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