On this issue of Air Market
 
In the air  
There is no information on how much Boeing has invested up to now in the Sonic Cruiser, its fastest aircraft, project. Its market price is not known either and they are neither sure about its taking service in 2008, as it is promoted. Ah, its external appearance is not known either (and much less its interior). Everything seems to be in the air, except the plane. Federico Etiennot writes
 

Small but stable

The Air Cargo forum showed that the main routes of cargo air traffic go through the great North America- Europe- Asia axis. Nevertheless the Latin American market is on the great operators sights for being the region that less felt the September 11th after-effects. A report by Agustín Barletti from Hong Kong.

 

Northbound

 
With three weekly frequencies to Miami, the Southern Winds Boeing 767-300s pretend to impose a new concept in respect to serviced on board. Cargo is not neglected either, to the point its holds have a 90% occupation. The airline is already planning new international destinations. A report by Agustín Barletti from Miami.
 
 
Changing course 

Marinair, the Dutch airline, never paid much attention to exports from Argentina and chose to devote its interest to imports. However, the peso devaluation vis-à-vis the dollar modified the behavior of the market and the plans of the company.

 
 		      
 

 

  
October 2002- Year 3 - Nº 25

A plan for Varig

The Banco Nacional de Desarrollo Económico de Brasil proposes to issue some 300 million dollars in external bonds to bring capital to the “Smiles” division of Varig. The company that buys this sector – corresponding to mileage – will receive 20% of the entire share package of the Brazilian airline, which registered losses for 320 million dollars in the first semester of the current year. In the next few days, a widely encompassing financial diagnose of Varig’s situation will be submitted by KPMG, the consulting firm hired by the Rubem Berta Foundation to draw up a business plan for the airline. Once this period is over, the Foundation and the creditors of the company, led by Unibanco, will analyze the study, which might include proposals for mergers and the sale of some of the eleven companies of the group, amongst other possibilities of sales or mergers of assets.

 

New airline in Uruguay

The new enterprise Uruguay Fly will begin flying next December. This company, owned by Uruguayan and US capital, will offer frequencies to Buenos Aires, Mendoza, Santiago de Chile, Asunción, Porto Alegre, Sao Paulo, Rio de Janeiro and Curitiba. They will use six Embraer planes, in whose leasing the company is investing over 180 million dollars, according to what the head of the company, Antonio Rama advanced to the Uruguayan newspaper El País. The airline also intends to incorporate seasonal tourist destinations, such as Bariloche, El Calafate, Puerto Madryn and Ushuaia in Argentina, as well as the Brazilian city of Florianópolis.