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5-Jul-2012 2:03 PM

Pluna on verge of bankruptcy as strike cancels flights; owes USD25m for fuel

Pluna is reportedly on the verge of bankruptcy and a two-day strike which will suspend all services for the next 48 hours, according to a Bernama report. The strike action is protesting working conditions and impending redundancies as the carrier attempts to restructure. The carrier currently owes UYU532 million (USD25 million) in fuel bills to Uruguayan petrol company Administración Nacional de Combustibles Alcoholes y Portland (ANCAP).