Colombia: After JetSMART’s withdrawal, Ultra Air stops selling tickets and financial situation deteriorates


The Superintendence of Transportation of Colombia has issued an administrative measure to monitor Ultra Air operations, due to the fact that the airline has low liquidity, increasing the risk to comply with long-term obligations.

The contractual situation related to the aircraft available for use in air services -there were rumors indicating that a lessor was ready to retrieve five Airbus A320 from Ultra Air’s total fleet of six- “reflects a vulnerability to the operating capacity that allows it to comply with its operations, as well as with its obligations with the cargo market, mainly those related to suppliers and advance ticket sales”, said the governmental agency.

Administrative measures

The controlling agency issued a series of measures that Ultra Air will need to comply immediately to avoid fines: the company must implement a work plan that includes a detailed schedule of its routes, including commercial flight schedules for each of the seven (7) days of the week, determining the personnel and crew of each aircraft and the number of operations.

Also, it shall notify SuperTransporte every Monday for the following three months any economic and operational difficulty arises that may harm the airline’s services, as well as any negotiations aimed to improve its capitalization.

- Advertisement -

The operator must carry out the necessary preventive or corrective measures related to the passenger management plan in the event of a possible cessation and/or suspension of operations and shall notify the Superintendence of Transportation of the mechanism by means of preservation of early ticket sales liabilities to guarantee the measure of protection to passengers in the event of an eventual cessation and/or suspension of operations.

The company issued a statement in which confirms that it has temporarily suspended the sale of tickets for flights operated until April 30, anticipating an scenario in which it will not have all the planes to fly all scheduled routes.

Ultra Air

See also: JetSMART withdraws from Ultra Air acquisition

After JetSMART’s withdrawal, future is not looking good for Ultra Air: a company that has liquidity issues and is not able to sell tickets will depend on external capitalization, something that is not cheap and that can be hard to find, given the conjuncture. Time will tell, but Ultra’s fall is on the verge of being unavoidable.

Rainer Nieves Dolande
Rainer Nieves Dolande
Editor para Norteamérica, Medio Oriente y Asia - Pacífico Para consultas o pedidos editoriales por favor escribir a // For editorial inquiries or requests please write to


Por favor escribí tu comentario
Por favor escribí tu nombre

Latest News

Embraer Media Day 2023: takeaways from day 2

Day 2 of Embraer Media Day in Alverca, Portugal, kicked off last week with a presentation by the CEO...

Bell Textron Canada confirms purchase of six 407GXi helicopters for Argentine Armed Forces

On May 31, in a press release, Bell Textron Canada formally announced the purchasing agreement they signed in December...

Safran delivers Chinese LEAP-1A engines

Safran Nacelles Delivers First Complete LEAP-1A Engines (Propulsion System and Nacelles) to Airbus at its New Tianjin Facility in...

Austrian Airlines Expands Winter Schedule: New Routes to Finland and Spain

Following the successful launch of seven new routes during the summer, Austrian Airlines now extends its winter schedule to...
- Advertisement -

Avianca Introduces Business Class on Bogotá-Los Angeles Route from July 2023

Avianca has announced that starting from July 1st, 2023, customers will have the option to fly in business class...

Terminal 2 of Milan Malpensa Airport reopens after three-year closure

The Terminal 2 of Milan Malpensa International Airport (MXP) officially reopened its doors to passengers and resumed operations today,...

You May Also LikeCheck It Out!
Recommended For You