Ecuador-based Equair has announced a complete suspension of flying.
Equair launched only two years ago. However, it notes that while it has upheld commitments to safety, sustainability, service and quality and pursued profitability after market analysis, it was forced to suspend activities.
A suspension of operations is in line with all open processes within the labour, fiscal and operational framework, per a statement released by the airline.
However, ultimately for the airline, the challenging operating climate impacting airlines right around the globe significantly hurt them.
Over 200 employees are part of the Equair family that the company’s suspension will now impact. Equair says that employees will get full support from the airline looking ahead.
Meanwhile, passengers who had been booked onto services with the airline will be transferred to LATAM Ecuador thanks to an agreement being reached between LATAM and Equair.
EquAir had three Boeing 737-700s in service when its operations were suspended. These averaged an age of 13 years.
Before its collapse, the airline offered services across Latin America. For August 2023, its most popular route pairing was from Jose Joaquin de Olmedo Airport and Mariscal Sucre International Airport.
Since its conception, however, it has seen a gradual growth in the Ecuador domestic market, allowing for continued expansion and frequent services to the islands.