The Ecuadorian Government has decided to liquidate TAME.
(TAME’s one A330 was recently removed from the fleet after ending flights to New York)
TAME, owned by the Ecuadorian Government with bases in Quito and Guayaquil, will soon liquidate.
Ecuador’s president, Lenín Moreno, has decided to shut down the airline as part of cost saving measures for the government. TAME has lost over $400 million in the past 5 years.
According to the government, liquidating TAME has been planned for some time but COVID-19 accelerated these plans.
Here’s the confusing part - TAME will “preserve the routes that connect places that do not have private alternatives”, making it sound like the airline will continue operating? This might be a translation error.
TAME currently has a fleet of 5 aircraft: 3 ATR 42-500s, 1 Airbus A319 and 1 Airbus A320.
TAME operates flights across Ecuador and to international destinations like Fort Lauderdale in the U.S. and Cali in Colombia.
So… until we get more clarification, is this airline over? When airlines “liquidate”, they cease operations, but the sources are saying they’ll maintain some routes that aren’t served by others.