Ecuador's start-up Sudamericana receives first 737

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Ecuadorian start-up airline Sudamericana de Aviacion has received its first Boeing 737-500 at its Latacunga base, and says it will start scheduled domestic and international charter flights soon.

A source familiar with the situation tells Flightglobal that its main investor is Manuel Rodriguez, a Spanish citizen and co-founder of Mexico's Global Air.

Potential destinations of the airline include Latacunga, Guayaquil, Manta and Cuenca in Ecuador as well as Cancun in Mexico and Caracas in Venezuela.

Sudamericana is expected to receive a second 737-500 later this year, also from Global Air, which has had the aircraft in storage for some time. According to the source, both aircraft were previously operated by Aerolineas Argentinas.

While Rodriguez owns 90% of Sudamericana, 10% is held by Darwin Jaramillo, who happens to be the court-appointed liquidator of now-defunct Ecuadorian carrier Icaro Airlines.

Latacunga, officially named Aeropuerto Internacional Cotopaxi, is a shared military-civil airport located 90km (56 miles) south of Quito. The opening last year of Quito's new international airport, which is reachable by car within a similar amount of time, has converted Latacunga into a viable, lower cost alternative to serving Quito.