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Paranair Sold to Canadian and Bolivian Investors

May 1, 2026

2 min read

Key Takeaways

Paranair sold to Canadian and Bolivian investors.
International Airways Holding owns 95% of shares.
Bolivian businessman Marco Paniagua owns 5%.
Deal includes Paranair's MRO division.

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Strategic Implications

This acquisition may signal growing interest in South American aviation markets. The investment could strengthen Paranair's position as a regional carrier, potentially leading to expanded services and increased competition in the region.

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What Happened

New Ownership Sets Stage for Regional Growth in South America

Paraguayan airline Paranair has been acquired by Canadian and Bolivian investors, with International Airways Holding taking a 95% stake and Bolivian businessman Marco Paniagua holding the remaining 5%. The deal, which includes Paranair’s MRO division, sets the stage for the airline’s further growth in the region, according to CEO Jaime Cassola. The Paraguayan aviation authority is currently assessing the new shareholders to issue or renew the carrier’s air operator certificate. This development was first reported by AeroTime.

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