Grounded Peruvian Airline Flies Again | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-07.07.25

Airborne-NextGen-07.08.25

AirborneUnlimited-07.09.25

Airborne-FlightTraining-07.10.25

AirborneUnlimited-07.11.25

Mon, Jul 26, 2004

Grounded Peruvian Airline Flies Again

Aero Continente Sold To Get Off US Blacklist

Peru's biggest airline is flying again, in spite of being blacklisted by the US government.

The reason? Aero Continente has been sold.

As airport workers threatened a nationwide strike and as South Americans flocked to Lima for the Copa Americana soccer championships, Aero Continente was grounded earlier this month because the US Treasury Department accused its founder of drug trafficking.

That put Aero Continente behind the eight-ball, unable to get insurance after its policy was cancelled.

So founder Fernando Zevallos sold the airline for $3.5 million. The new company calls itself Nuevo Continente.

Based on news of the sale, Peruvian aviation authorities "said that the company satisfactorily renewed all of its aeronautical insurance, covering eight planes," Nuevo Continente said in a news release.

US Ambassador James Curtis Struble said the Treasury Department was reviewing whether the transfer of ownership amounted to "the total separation of the company from people known to be involved in drug trafficking."

But in the meantime, Aero Continente -- rather, Nuevo Continente, is flying again, carrying up to 60-percent of Peru's air passengers to domestic and international destinations.

Expediant ownership changes are nothing new to the 47-year old Zevallos. The subject of repeated drug investigations, he transferred 80-percent of the airline's ownership to his family -- without compensation. Even now, he's on trial in Peru, charged with drug trafficking and money laundering. Along with his sister, former Aero Continente chief Lupe Zevallos, Fernando is wanted in Chile on charges of witness tampering in a money laundering case.

FMI: www.aerocontinente.com.pe

Advertisement

More News

NTSB Final Report: Aviat A1

Airplane Bounced About 3 Ft Then Touched Back Down And Then, With No Brakes Applied, The Airplane Began Veering To The Left Analysis: The pilot entered the airport traffic pattern >[...]

ANN's Daily Aero-Linx (07.08.25)

Aero Linx: British Microlight Aircraft Association (BMAA) The primary focus within all aviation activity is SAFETY. In all aspects of our sport SAFETY must come first, whether it b>[...]

Classic Aero-TV: Fly Corvair’s Reliable Engine Alternative

From SnF25 (YouTube Edition): William Wynne Builds Practical Aircraft Engines on the Corvair Platform Seeking an affordable alternative to the traditional aircraft engine options, >[...]

ANN FAQ: Contributing To Aero-TV

How To Get A Story On Aero-TV News/Feature Programming How do I submit a story idea or lead to Aero-TV? If you would like to submit a story idea or lead, please contact Jim Campbel>[...]

Classic Aero-TV: CiES Fuel-Quantity and e-Throttle Systems Praised

From 2023 (YouTube Edition): Bridge of CiES CiES Inc. is a Bend, Oregon-based designer and manufacturer of modular embedded aircraft systems and sensors. The company’s fuel-l>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC