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Airlines

Name: PUERTO RICO AIRLINES
7JetSet7 Code: PTO
Status: Currently Not Operational
Region: NORTH AMERICA
City: NEWNAN
Country: USA
Employees 7
Web:
Email:
Telephone:
Fax:
Sita:
Background
(definitions)

STARTED JET AIRPLANEOPERATIONS IN 1999.

DECEMBER 1998: HQ IN NEWNAN, GEORGIA.

MAIN BASE: SAN JUAN, PUERTO RICO.

OPERATIONS TO NEW YORK (JFK). APPLIES TO USA DEPARTMENT OF TRANSPORTATION (DOT) FOR (JFK) - SAN JUAN, PUERTO RICO.

PLANS TO ADD +2 AIRPLANES IN EACH OF FOLLOWING 2 YEARS, AS IT ADDS SERVICE TO OTHER POINTS IN USA & PUERTO RICO, INCLUDING AGUADILLA, PUERTO RICA.

SPONSORS ARE USA CITIZENS, GUILLERMO ORTIZ-OSARIO, CHAIRMAN & CEO, AND DR EUSEBIO DIAZ DIAZ, CFO.

APRIL 1999: PLANS FOR 3RD Q 1999 STARTUP WITH 2 727-200'S, LEASED.

JULY 1999: (DOT) OK'S SCHEDULED PASSENGER & CARGO COMBI SERVICE.

PUERTO RICO AIRLINES (PTO) HAS HQ IN SAN JUAN AND NEW YORK.

NEW YORK (JFK) TO SAN JUAN (727-200, 173Y). PLANS TO ADD 4 727-200'S IN 1ST 3 YEARS.

JULY 2000: (DOT) OK'S 6 MONTH START-UP WAIVER TO COMPLETE FUNDING FOR OPERATIONS.

DECEMBER 2001: CERTIFICATE WAS REVOKED FOR DORMANCY. WAS NOT ABLE TO COMPLETE FINANCING. DID NOT START OPERATIONS.

Fleet:
(definitions)

January 2002:

2 727-200, LSD, 173Y.

Management:
(definitions)

GUILLERMO ORTIZ-OSORIO, CHAIRMAN & CHIEF EXECUTIVE OFFICER (CEO) (USA CITIZEN).

DR EUSEBIO DIAZ, CHIEF FINANCIAL OFFICER (CFO) (USA CITIZEN).

ENRIQUE OTERO, SENIOR VP OPERATIONS, GUAYNABO, PUERTO RICO.

 
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