It seems Uruguay’s government has their hands all over the private sector. They are into the banking industry, telecommunications, Internet, healthcare… (Sounds kind of like the U.S. government.)
So Uruguay’s government being involved in the airline didn’t surprise me.
I probably wouldn’t have thought about Pluna again until I was ready to fly, but I just read an interesting article in the Montreal Gazette which states…
“Latin American Regional Aviation Holding Corporation owns 75% of Pluna while 25% is ‘indirectly owned’ by the Uruguayan government.”
I’m not sure what “indirectly owned” means, but I’m sure they’re getting some green somehow.
How does Canada fit in?
Jazz Air is a Canadian airline that just bought a 1/3 equity stake of Latin American Regional Aviation Holding Corporation.
According to the article, it seems South American air travel is an up and coming market for investors.