Ecuador: Icaro Airline Requests to be Dissolved, Liquidated

Posted on June 21, 2011 • Filed under: Business, Ecuador, Latin America Aviation, Latin America Travel, TRAVEL

After about 40 years of operation, Icaro Airlines, an Ecuadorian company presented papers for a request of dissolution to the Supervision of Companies (SC), reports ElUniverso.com. Reportedly, the dissolution and liquidation process could take six to eight months. The SC reports that during that time the company can continue its business activities. However, once the SC approves the request, all activities must be suspended. CEO, Guido Saltos created Icaro Airlines in September 1971. Saltos has a past in aerial work that focused on exploration activities for the exploitation of natural resources, such as petroleum. Icaro Airlines runs flights to Coca, Mata, Quito and the Galapagos.Read Article

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