Air Europa presented operational results of route to Guayaquil

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Last week, Air Europa presented operating results for the route to Guayaquil from Madrid, which operates with 5 weekly flights in Airbus A330-200 equipment. The press conference promoted by the Globalia group, was held in Quito (will fly to the capital of Ecuador from the 1 of January of 2018).

After 8 months of operations with its Air Europa division in the country, Spanish Group Globalia seeks new investments in Ecuador.

• Globalia is the tourist group number 1 in Spain and the third in Europe. Account
  with an annual turnover of 4.000 million euros and a staff of 25.000
  workers.
• It has been present in Ecuador since December 2016 with his airline Air Europa with
  la ruta Guayaquil – Madrid – Guayaquil, the same one that maintains an occupation of the
  80%.
• Senior executives of the Group arrived in the country to seek new opportunities for
  business in the tourism industry and support the potential that Ecuador has in this
  scope.

Globalia, one of the largest tourist groups in Europe with extensive experience and worldwide recognition, arrived in Ecuador as part of a tour of nine Latin American countries in order to evaluate new investment opportunities to develop the tourism market from Europe to Latin America and vice versa. Globalia has several companies in the tourism industry, including the airline Air Europa, the Be Live hotel chain, the tour operator Travelplan, the
travel agency Halcón Viajes, among other.

The Group is present in Ecuador with its Air Europa division, the same one that began operations in the country in December 2016 con su ruta Madrid – Guayaquil – Madrid. Since then, the airline has carried around 44.000 passengers on this route and has an occupancy of 80% with 5 weekly frequencies in high season and 3 in low season. Javier Hidalgo, Executive CEO of Grupo Globalia, He pointed out that with these results they have fulfilled the expectations they had and hope to maintain the same occupation for the following year..

At the moment, the 90% of the Spanish Group's turnover in Latin America depends on Air Europa. Its objective now is to provide added value to air transport with other types of proposals, aware of the enormous tourist potential that exists from Europe to Latin America due to the differentiating attractions of their countries. At a press conference held in the city of Quito, Hidalgo highlighted the qualities and tourism potential that Ecuador has due to its great diversity and pointed out that they have held talks with representatives of the private sector and the Government to seek new
opportunities that allow to promote all the development that the country has in the field
tourist.

Within the framework of this press conference, it was possible to know about the alliance that Air Europa has with the Ecuadorian State Tame, with which they work in shared code for the transport of passengers from Quito to Guayaquil and vice versa. At this point it was indicated that Tame has presented some complications in meeting the expectations of Air Europa, due to operational limitations that the airline has had in recent times. The representatives of the Spanish airline were hopeful that the situation would improve for Tame and ruled out a possible purchase of the Public Company.

Air Europa also has a connection between Quito and Guayaquil with Avianca, so Tame could eventually lose this alliance, either due to the change of operator or a potential start of operations in Quito, to which they referred that could be given from the 2019, once the route to Guayaquil is consolidated and improves its numbers even more and it would also imply the change of equipment to Boeing 787 Dreamliner of which for the 2020 will have 24 of these planes (they would not have restrictions to operate directly to Madrid from Quito), although it was clarified that Quito and Guayaquil would potentially work as independent routes and not with the traditional triangulation, since this would make the operation more expensive.

The projections for Guayaquil are favorable. With an average occupancy of 80% and after an investment that exceeded USD 20 millions, it is expected that until 2019 can be achieved 7 weekly frequencies in high season, despite these good numbers, the route is not yet consolidated and has yet to mature.

Air Europa and Grupo Globalia hope to continue investing in Ecuador in different aspects, Therefore, they plan to implement a tourism promotion strategy in conjunction with the Government of Ecuador., in order to increase the now more than 40 thousand passengers transported.

With the collaboration of special envoys Ral Lopez and Mauricio Garcia.

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