Dominican Wings announces an investment of US$60 million to purchase a fleet of A320 Airbus airplanes and kick-start its operation as an ultra low cost airline for flight operations using Dominican international airports.
The president of the Dominican Civil Aviation Board (JAC), Luis Ernesto Camilo, said that he recently was introduced to the lead investor of the company, Michael Powel, who is now president of the board of directors of the airline. Also attending the meeting was Gonzalo Ramos Garzón, introduced as sales director for Airbus in Latin America and the Caribbean. The founder and executive director of the company is Victor Jose Pacheco Mendez.
He said that Powel is also president of the board of directors of FlyBondi, the first Argentinean low cost startup carrierthat has been authorized to operate more than 85 routes from Argentina. Powel is also the former CFO for Wizz Air Holdings.
Camilo understands that the Dominican Republic is the right place to start an ultra low cost airline. He highlighted the country offers quality airport infrastructure and high standards of security and operation.
The airline would fill the slot for a Dominican airline left by Pawa whose operations were suspended by the JAC after it fell into arrears in airport and tax payments.
Read more in Spanish:
https://www.listindiario.com/la-republica/2018/03/07/505438/linea-aerea-anuncia-inversion-de-us-60-mm-en-la-adquisicion-de-flotilla-aviones
https://www.bloomberg.com/news/articles/2017-07-17/last-incredible-airline-opportunity-opens-in-argentine-skies
7 March 2018
