US airline JetSmart to invest $550 million in Argentina

Low-cost carrier JetSmart announced a significant $550 million investment in Argentina, aiming to bolster its presence by adding new routes and expanding its aircraft fleet. The airline, controlled by the U.S. investment fund Indigo Partners, plans to integrate new routes starting in November and December.

These new services will connect Buenos Aires with the Argentine cities of Posadas, San Juan, and Santiago del Estero. Additionally, JetSmart will launch a route linking the Argentine capital to Maceió in Brazil. These additions follow the recent introduction of a route between Buenos Aires and Jujuy, in Argentina's northwest.

The airline also detailed its fleet expansion plans, expecting to operate 17 aircraft by October and grow to 23 planes by the peak of the upcoming Argentine summer season. JetSmart stated its expansion aims to fill the market gap created by a 13% reduction in available seats in Argentina during the second quarter of this year.

This strategic growth is projected to generate approximately 300 new direct and indirect jobs. Estuardo Ortiz, CEO and founder of JetSmart, emphasized the airline's leading position, stating, "We are the airline with the highest growth in Argentina and South America, and today we confirm it by investing more than $550 million to reach 23 aircraft in the country."

Founded in 2016, JetSmart currently operates around 90 domestic and international routes across South America and the Caribbean with a fleet of 54 aircraft.

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We are the airline with the highest growth in Argentina and South America, and today we confirm it by investing more than $550 million to reach 23 aircraft in the country.