2019 Travel News ArchiveTravel

Flycana signs with Aerodom to use Las Americas as a base

Flycana planned routes

The new low-cost airline, Flycana has signed an agreement with Aeropuertos Dominicanos Siglo XXI (Aerodom) to make Santo Domingo’s Las Américas International Airport (AILA) its operations base. The company is working to finalize its capitalization and recertification processes by year-end to begin flying by early 2020. The company goal is to have a 32-strong jet fleet by 2025.

The company is seeking new investors. Chief executive Frederik Jacobsen says the airline has chosen a US-based investment bank to place Flycana shares worth $80 million with both international and Dominican private and institutional investors.

“Despite launching as an ultra-low-cost airline, we will offer a number of services such as allowing connections between our flights, effectively establishing a hub operation in Santo Domingo,” says Jacobsen.

Flycana has identified several US cities with large Dominican expat communities and tourism potential that are underserved and represent clear opportunities.

As reported, the airline founder and president, Victor Pacheco Méndez, is at present the majority shareholder of the airline. Michael Powell, the former financial chief for Wizz Air, and who is the executive chairman for Argentine ultra low-cost carrier Flybondi.

Flycana will be using licenses acquired from Dominican Wings and expects to grow to serve destinations in the United States, Mexico, the Caribbean, Central and South America.

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Flight Global

13 August 2019