Aeroperú Explained

Airline:Aeroperú
Fleet Size:22 (at time of closure)
Destinations:34 (at time of closure)
Iata:PL
Icao:PLI
Callsign:AEROPERÚ
Parent:Aeroméxico
Headquarters:Lima, Peru
Frequent Flyer:Club Premier
Num Employees:1,500

Empresa de Transporte Aéreo del Perú S.A. branded as Aeroperú, was a Peruvian airline, serving as flag carrier of Peru from 1973 to 1999. The company was headquartered in Lima, with the city's Jorge Chávez International Airport serving as its primary hub. Besides an extensive domestic route network, Aeroperú offered international flights to places in Latin America and the United States of America. The company had around 1,500 employees. It ceased operations in 1999.

History

Aeroperú was formed on May 22, 1973, following the reorganization of SATCO,[1] an earlier airline founded on 1960 and controlled by the Peruvian Army. Initially, a wholly state-owned company with a fleet of three Fokker F28 Fellowships taken over from SATCO, revenue flights were commenced in October on the Lima-Cusco route. Soon, a Boeing 727 joined the fleet, and the airline placed an order for two new Fokker F27 Friendships. In 1974, two Douglas DC-8s were acquired from Viasa, which allowed the company to launch international flights.

The inaugural international flight to Buenos Aires took place on 29 July 1974, soon followed by a scheduled service to Miami. By 1978, the Aeroperú network had grown to include many Latin American destinations, and also the US cities of New York and Los Angeles due to their large Latino populations.[2] In July 1981, Aeroperú was gradually privatized, with the Peruvian government keeping a 20% minority share.[3] In 1982, plans were made for a merger with Faucett Perú, the other large Peruvian passenger airline at that time. As a preparatory measure, redundancies in the route networks of the two airlines were eliminated, to which end Aeroperú suspended flights to a number of destinations,[4] including Rio de Janeiro, São Paulo, New York City and Los Angeles.[5] No further steps were taken towards merging the two airlines, and so in 1983 flights to several destinations recommenced.[6] A bilateral air traffic agreement between Peru and the United States expired on 11 November 1983. Because of disagreements over the granting of fifth freedom rights, all flights between the two countries were suspended in May 1984[7] until mid-1985, which affected Aeroperú's Lima-Miami route.In 1993, Aeroméxico acquired 70% of the shares worth $54 million, thus making Aeroperú its subsidiary.[8] Subsequently, two Boeing 757-200s were transferred, allowing Aeroperú to replace their ageing DC-8s. In 1996, 47% of Aeroperú was transferred to Cintra, the parent company of Aeroméxico and Mexicana de Aviación.[9] In 1998, Delta Air Lines became a major shareholder of Aeroperú, when they acquired a 35% stake in the airline.[10] The agreement saw Cintra reducing their share to an equal 35%.[11]

Aeroperú was forced to suspend all flight operations on March 10, 1999.[12] According to general director Jaan Albrecht, Aeroperu's debt by 1999 had reached $174 million, while the airline's tangible assets were worth only $50 million.[13] Several plans for a relaunch were made, which included a possible buy-in of Continental Airlines or a takeover by a group of foreign investors.[14] None of these materialized, and Aeroperú was liquidated on August 18, 1999.[15] Most of its route network as well as the role of Peruvian flag carrier was taken over by newly founded LAN Perú.[16]

Destinations

See main article: List of Aeroperú destinations.

With Jorge Chavez International Airport being its most important hub, Aeroperú maintained an extensive domestic route network. International flights were offered to a number of cities in Latin America, as well as the United States.

Fleet

Over the years, Aeroperú operated the following aircraft types:[17] [18]

Aeroperú fleet
AircraftTotalIntroducedRetiredNotes
Boeing 727-100819741998
Boeing 727-200919931999
Boeing 737-200419981999
Boeing 757-200419941999One Destroyed In Flight 603
Boeing 767-200119901990Leased from Britannia Airways
Douglas C-47 Skytrain31973
Douglas DC-8-43119781978Leased from Air Jamaica
Douglas DC-8-51319761981
Douglas DC-8-53319741976
Douglas DC-8-61119921994
Douglas DC-8-62H519881994
Douglas DC-8-63119901992
Fokker F-27 Friendship319741984
Fokker F-28 Fellowship419731998
McDonnell Douglas DC-10-15319931997Leased from Mexicana de Aviación
McDonnell Douglas DC-10-30119941995Leased from Canadian Airlines
Lockheed L-1011 Tristar219781982Leased from Lockheed Corporation
119911992Jointly operated by Faucett Perú

Accidents and incidents

See also

External links

Notes and References

  1. Web site: Servicio Aéreo de Transportes Comerciales (SATCO). Aviation Safety Network. 26 June 2021.
  2. Bailly. Augusto. Profiling and Predicting Post-Shopping Outcome Behavior of Passenger-Consumers of Airlines in Peru: An Empirical Study. 1991. PhD. Union Institute. 25. . en. History of Aeroperu.
  3. Shea. W. Christopher. Aeroperu and Lapsa: Peru, Paraguay, and Privatization. Administrative Law Review. 1996. 48. 579.
  4. News: Peru streamlines its airlines. Flight International. 24 April 1982. 1028. 19 April 2013.
  5. News: World airline directory. Flight International. 3 April 1982. 801. 19 April 2013.
  6. News: Latin America-Caribbean. Air Transport World. 1 May 1984. 0002-2543.
  7. News: US/Peru dispute upsets tourism. Flight International. 26 January 1985. 32. 19 April 2013.
  8. News: Nash. Nathaniel C.. No Longer a Pariah, Peru Is Being Recast As Business Magnet. 143. The New York Times. 49503. 2 November 1993.
  9. News: Von Hagen. Adriana. Aeromexico Heads South. Airline Business. 14 February 1993.
  10. News: Knibb. Dave. Latin America's Casualties. Airline Business. July 2000.
  11. News: AeroPerú suspends flights while debt renegotiations take place. Flight International. 17 March 1999. 20. 19 April 2013.
  12. Aeroperu Ceases Operations To Refinance Debt. Airline Business Report. 15 March 1999. 14. 11. 1. .
  13. News: Knibb. David. Homewood. Brian. Aeroperu Suspends Flights. Airline Business. April 1999.
  14. News: Romero. Simon. Aeroperu Future. The New York Times. 51558. 148. 19 June 1999.
  15. News: Rohter. Larry. Investment in Peruvian Airline. The New York Times. 51542. 148. 3 June 1999.
  16. LanPeru Authorized To Fly Early, But Not Off The Ground Yet. Airline Financial News. 22 March 1999. 14. 12. 1040-5410.
  17. Web site: Aeroperú Fleet Details and History. Planespotters.net. February 20, 2021.
  18. Web site: Aero Peru fleet. aerobernie.bplaced.net. March 16, 2022.
  19. News: A Plane Crash in Peru Kills 12 in the Andes . The New York Times. 47670. 138. 26 October 1988.
  20. News: Wald. Matthew L.. Peru Crash Is Attributed to Maintenance Error. The New York Times. 50613. 143. 16 November 1996.