TAME's restructuring commences to show results

22 February, 2018

TAME announced (21-Feb-2018) the carrier has been undertaking a restructuring process, since Oct-2017, "achieving positive results". The carrier has six operational aircraft and increased sales by 2% year-on-year in Jan-2018. The carrier had 11 operational aircraft in Jan-2017. Sales target set for Jan-2018 was exceeded by 8%. TAME GM Octavio Perez stated the carrier is reducing its debt, adding: "We have reduced debt by around USD5 million corresponding to past due portfolio". [more - original PR - Spanish]