Flybondi, the low-cost airline, announced a strong expansion plan that will seek to expand its operations in the Argentine market and begin to step harder in markets such as Paraguay, a project that contemplates the incorporation of 35 new aircraft, with an investment of US$1.7 billion.
This strategy seeks substantial growth both in Argentina and in new markets in Latin America and the Caribbean, including Paraguay as a “strategic” destination, in addition to Colombia, the Caribbean and northern Brazil. The new aircraft will be incorporated between 2027 and 2030.
To carry out this growth, the company sealed agreements with the main manufacturers: 15 Airbus A220-300 units will be added (with the option of 5 additional ones) and 10 Boeing 737 MAX 10 units (also with the option of 5 additional ones). The Boeing 737 MAX 10 model, with capacity for 240 passengers, even allows the airline to evaluate the inclusion of a business class on certain routes, keeping its low-price philosophy intact.
The CEO of Flybondi, Mauricio Sana, highlighted, on the other hand, that the company’s intention is to maintain accessibility in terms of prices.
The funds to carry out this project, according to the company, will come from COC Global Enterpriseof which Leonardo Scatturice is Chairman and CEO, who a few weeks ago officially became the new majority shareholder of the airline, but who also recently rose to notoriety for being suspected of having benefited from contracts with the government of Javier Milei, but who is also mentioned in a New York Times investigation for having provided his own plane for Argentine officials to travel to the United States to hold key meetings that led to the financial bailout with which that country assisted Argentina with a swapp of US$ 20,000 million.
Scattrice was a fundamental artist of the meetings between Argentine President Javier Milei and the North American authorities in New York.
The lobbyist also controls the company OCP Tech SA, among several others, which, according to Clarín on June 19, has contracts for almost US$ 7 million with the ANSES and other organizations, with the Buenos Aires government, the Ministry of Education of the Nation and the Buenos Aires attorney general’s office.
Last June, Flybondi incorporated investment from COC Global Enterprise, Cartesian Capital Group LLC and other investors from Argentina and Europe.