ISOLATION OF PARAGUAY LEADS TO AIRLINE LIQUIDATION

ISOLATION OF PARAGUAY LEADS TO AIRLINE LIQUIDATION. The Paraguayan state airline, Sol of Paraguay announced on 30 July 2012 that it was going out of business because of the economic crisis it has suffered due to the isolation of the country after the constitutional president, Fernando Lugo, was deposed. A press release from the company said that the causes of the disappearance of its regular operations, starting 1st August 2012, are the financial crisis in the region and the lack of support from neighboring countries, in allusion to the sanctions imposed by Mercosur and Unasur. Picture courtesy ofterritoriodigital.com

Last Updated: 2012-08-01

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