Despite the capital injection received Ultra Air to get out of the financial crisis it was in last week, The company has decided to suspend all its activities.
(Don’t stop reading: Avianca and Latam throw lifelines at stranded Ultra Air passengers).
From 12:00 am on March 30, Ultra Air will ground all its planes. So it won’t fly in Colombia or any route in the worldas described in a statement.
“Unfavorable macroeconomic conditions for the industry, such as the rise in the cost of fuel and the exchange rate, have resulted in a significant increase in costs for airlines, which has led to poor operations in recent months,” they said.
Among the reasons for the suspension, they argued, in recent weeks, charterers “have begun to demand previously uncommon emergency payments and even upfront payments for materials and services necessary for the operation.”
(Keep reading: Minister of Transport promises affected Ultra Air users).
“Ultra Air is unable to continue its operations and is making excuses for affected employees, customers, suppliers and other interest groups.”
Finally, invited our passengers who bought tickets to servicioalcliente@ultraair.com or to write their requests on the official pages ultraair.com.
(We recommend: Five factors that cause strong turbulence in the air industry).
“It creates a major alarm and affects passengers; “We have activated the contingency plan with the Aviation and Inspectorate to ask the president of Ultra Air for a full list of passengers they have these days and for Easter,” Transport Minister Guillermo Reyes said.
Reyes assured users of scheduled flights with Ultra Air: “We will request rescheduling or cash payment of tickets and we will see how other airlines can join suspended flights (…) We are not going” passengers will drop off and ensure they can have a quota as planned ”.
On March 23, the company announced that it would suspend ticket sales until April 30. Hours later, however, he withdrew the measure, reassuring that his investors were making an effort to keep up.
Parallel to this, the Transport Inspectorate also stated: The low liquidity of the airline made it difficult for it to meet its short-term obligations.
That is, increases in fuel prices, the depreciation of the Colombian peso against the dollar and high inflation hit not only Ultra Air, but all companies in the sector. Equal, Viva Air was forced to abruptly suspend operations on February 27, and it is still unclear whether it will be able to restart its engines.
(Don’t stop reading: Avianca is announcing eight new routes from Colombia to Ecuador, Brazil and the USA.)
The fragile financial situation Ultra Air is going through has added to the unscheduled maintenance of two of its six aircraft, affecting the itineraries of the nearly 5,000 passengers who need to be transferred to other flights. During March 23, several users saw how their itinerary was canceled or delayed.
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– Take note! So you can get cheap flight deals on Easter.
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*With information from ECONOMY STAFF
Source: Exame
I am Bret Jackson, a professional journalist and author for Gadget Onus, where I specialize in writing about the gaming industry. With over 6 years of experience in my field, I have built up an extensive portfolio that ranges from reviews to interviews with top figures within the industry. My work has been featured on various news sites, providing readers with insightful analysis regarding the current state of gaming culture.
