President of Ecuador: Tame EP will go into liquidation

Tame liquidation closing process

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The President of Ecuador announced the morning of 19 May the flag carrier Tame EP will enter the liquidation process.

Within several economic announcements due to the crisis that the country of the world is experiencing, where the news that Ecuador will close its official representation before ICAO in Montreal was also included, Canada, the Government announced that Tame will enter the liquidation process.

The frame of this ad, would not be related to the global crisis surrounding the COVID-19, rather it would be a measure that was being prepared some time ago within the government, but that the current emergency anticipated this measure.

Tame EP will enter the liquidation process

The concrete announcement dictates thus:

What's more, we are going to eliminate 7 public companies :

railways, Sowing, Public Media, To create, Strategic Ecuador, Post Office of Ecuador and National Storage Unit. Tame, who has lost more than 400 million dollars in the last 5 years, will go into liquidation, preserving the routes that connect places that do not have private alternatives.

The official announcement speaks of the closure of 7 public companies, including Tame EP, of which it stands out that it has lost more than 400 million dollars in the last 5 years, so it will go into liquidation, but preserving the routes that connect to places where the private ones do not.

This last point is confusing and has generated doubts about it., does tame ep close, liquid, will be refounded, what will happen to the tickets already purchased for the coming months or will it return as a new air unit to operate to unprofitable or social places with its ATR and Kodiak fleet?

Especially, because at the moment, all private airlines Avianca, LATAM and Aeroregional already cover or have permission to the same destinations that Tame EP was flying until before this announcement.

Tame before clearance

Before the government announcement, the airline consisted of the following aircraft:

  • 1 Airbus A320
  • 1 Airbus A319
  • 3 ATR42-500

The routes to which it operated instead are the following:

  • Quito
  • Guayaquil
  • Sour Lake
  • Coca
  • Esmeraldas
  • Manta
  • Cuenca
  • Store
  • Santa Rosa
  • San Cristobal
  • Baltra

Clearance process

It has also been in doubt about what will happen to the routes assigned to Tame to Galapagos, main domestic destinations in Ecuador, thus being able to open the way for the entry of new airlines such as the anticipated project of Viva Air Ecuador, seeing now potentially open those frequencies.

Now we will have to wait to know exactly about the liquidation process of the airline, especially in terms of time, destinations of your assets, compensation to its staff or what will become of Tame's routes at the end of the process that implies a closure of what we know today.

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14 comments on “President of Ecuador: Tame EP will go into liquidation”

  1. They are going to say that I am closed in terms of expanding the offer and providing more options to the market, but I will say it, I am an Ing. in Marketing and I know what I'm talking about.

    Unfortunately, studies confirm that the average or good Ecuadorian, the Latino, but not all, he is a person who all his life has preferred to support the foreign over the national, LAN then or now Latam, for me it has been a brand that wants to cover the entire market and this leads to others closing and this has been happening in Peru with the Peruvian brand, It has done the same in Ecuador with the Icaro brand, which, far from its administrative problems, made it fight until the end in terms of prices and occupancy., Another example is the Aerogal brand, which if it hadn't been for Avianca, which invested in it, would have disappeared by now, and so the same step is followed by Colombia and something similar for Brazil, which in good time merged with TAM since it was another powerful company and it is better. have the enemy as a friend.

    It is true that a market needs to have competition to improve and regulate it because it is not good to have it monopolized either., but in my opinion LATAM does not investigate, does not open a new or different route to the country that enters and that to encourage it, it has always done it where another brand bets a little and puts in the effort and of course there comes the role of the average Ecuadorian or Latino who spoke to them at the beginning, the one that is sold by a brand already known internationally and that is not from here, Ecuadorian gentlemen support what is ours, there have been campaigns, First Ecuador and so thousands of things but no, we speak to a minority within the same country, this in other countries does not happen: Mexico (Aeromexico), Colombia (Avianca), Chile (LAN), Panama (Cup) and so… look how beautiful how they started inside and spread their wings throughout america and outside of it.

    Well now they're going to tell me that's good, does not monopolize the market, provides job sources, etc, etc and the money at the end of a tax year, Where do you think the utility after workers' participation and taxes will end up?, is it perhaps an Ecuadorian company?

    The Tame case, let's stop blaming governments, Let's stop depending on a government for life and this will help them both in their own and collective economy, if they are going to wait for decisions from the government they will live poor all their lives because politics is dirty and sadly it is a mafia and it will be like that in all countries, now Tame was given full support by the state, opening international routes, acquiring aircraft, giving financial support but that goes hand in hand with US gentlemen, flying with them, Whether in B2B relations or in marketing, they are agreements with companies and TAME with the only ones that, in my opinion, left it alone was with the same public institutions and B2C relations, which is with the individual passengers that the average Ecuadorian returns and repeats, the option for them they are other brands and less ours.

    Let's support what we have left inside, options like Aeroregional and Tame whatever little is left of it for as long as it stays with us and I'm not only talking about aviation issues let's support ourselves in everything that our brands imply.

    We work with marketing strategies so that companies devour each other regardless of the country they belong to, but everything depends on you, my friends., I hope I have not taken your time and if you wish to continue talking about the subject, they just write to me.

  2. It is good that it closes tame the planes are a disaster with the broken seats and with this covid situation 19 you can't be in the state of throwing away money.
    In any case, the remaining airlines are going to have a difficult time since, apart from the mistrust that this pandemic brings, plane fares are the most expensive on the continent due to the airport taxes charged to airlines..

  3. Charles Robles

    Excuse me nlarenas the airline EC PLUS Airlines Are the owners Ecuadorian, the airline is purely Ecuadorian or its partners or its owners are from abroad
    Greetings

  4. Charles Robles

    Then we would lose our only purely Ecuadorian airline..
    VIVA AIR ECUADOR TOGETHER WITH EC PLUS AIRLINES, they could occupy the position left by TAME? What is the possibility that this or those airlines will position themselves in the first place

  5. This is what has been requested for a long time. , because the routes to Lima were never profitable, Bogota, New York was traveling with good occupation , I think the company became too politicized and these are the results , the grave began to be dug in the previous government where TAME was used to transport officials and relatives, I believe that Aeroregional should be eliminated and supported as a flag line, facilitate the frequencies especially to Galapagos.

  6. The president's words were not really specific, in my opinion, someday someone will search jetphotos.net for the license plate HC-CPB, and you will see that this, wears another livery.