Avianca Agentina has suspended operations, and requested to halt scheduled service for 90 days from 9 June, 2019.
This is the second airline owned by Avianca holdings company German Efromovich to cease operations within 2 weeks, after Avianca Brasil was grounded by Brazilian regulators in late-May.
According to Argentina’s civil aviation authority (ANAC), the request to halt operations is to restructure the company.
The airline was founded in March 2016, and began scheduled services on 21 November 2017.
The airline originally planned to operate passenger and cargo flights both internationally and within Argentina from a primary hub at Teniente General Benjamín Matienzo International Airport, with a fleet of Airbus A320 aircraft.
However by January 2019, the plans for international services were cancelled and the airline’s sole Airbus A320 was transferred to Avianca Brazil, with the airline citing rising operating costs due to the weakening of the Argentine peso relative to the strengthening United States dollar.