Official Press Release: Tiara Air Aruba back in business
Thu, Mar 5th, 2015
Recently Tiara Air obtained the renewal of its Air Operator Certificate (AOC). With the AOC now, Tiara is working to start flying again after a period of voluntary cease of operations.
As widely known, Tiara’s operation had been affected by the delay in approvals to exchange Venezuelan Bolivares to US dollars. The company has re-organized during this period and is preparing to restart operations soon that are strategically less dependent on the Venezuela Bolivar sales.
Tiara has been preparing a payment plan for its creditors, under supervision of the Administrator appointed by the Aruban court. The payment plan will be discussed in the next creditors meeting, and upon agreement, Tiara Air is planning on exiting its payment protection.
Tiara Air’s Managing Director, Alejandro Muyale, is extremely proud of and thankful for the employees that in one way or another showed support to the Aruban airline. Tiara Air also wants to extend its thanks to the various entities and creditors for having maintained their cooperation during its challenging times.
In the coming weeks Tiara will make announcements regarding starting dates and destinations. The Aruban airline is looking forward to offer friendly, affordable and reliable flight service to all its passengers.