In the last month and a half , Flybondi has handed out more than $ 1.2 billion worth of bad checks .

Flybondi has issued more than $1.2 billion in bounced checks over the past 1.5 months, according to records from the Central of Debtors of the Financial System at the Bank of Argentina. The airline, which has been operating under its new owner since late 2025, has not functioned for over two weeks and no longer sells tickets or maintains a website. Despite this, the company continues to accumulate complaints. According to Perfil, the Central of Debtors confirmed that the CUIT linked to FB Líneas Aéreas issued ten bounced checks totaling $1.251 billion during the period from June 29 to August 4. The situation with Flybondi has worsened significantly since early 2025, when the global fund COC Global Enterprise acquired a majority stake in the company. In December of that year, the company pledged to invest $1.7 billion to acquire 35 aircraft. However, one year later, the reality of the business has deteriorated dramatically. Recently, judicial authorities ordered the seizure of Flybondi’s accounts due to a debt exceeding $1.4 billion with the Agency of Revenue and Customs Control. Additionally, the airline has accumulated hundreds of passenger complaints related to canceled flights, 80 percent of them in July, according to the site Failbondi. Its share of total passengers transported has dropped from 18% to 13% within a year. Furthermore, the company owes more than 700 former employees who claim they were forced into voluntary resignations or fired without proper cause and did not receive their severance payments. Perfil spoke with workers from different areas of the company, including offices, cabin crew, traffic control, ramp operations, and customer service and refund departments, and learned of varied experiences. Some had worked there for two to nearly ten years, while others were laid off or resigned voluntarily in recent months. None received full payment for the owed wages, and all lost health insurance coverage shortly after. One worker described how things began to decline in June and July of last year, when the new owner, Leonardo Scatturice and his business group, arrived with plans for investment and growth. “They came with a plan and hope for investment and improvement, a project to bring in many planes, growth in every sense,” she said. “But everything turned out to be the opposite.” She noted that the number of flights decreased from 14 per month to half that amount, leading to lower travel allowances. In March, the company changed its chief executive and introduced a voluntary resignation plan. By April, mass layoffs began, and by June, suspensions and partial payments started. She explained that the initial dismissals affected employees who had previously raised concerns about delayed salaries and travel allowances. She found out she was separated from the company when she tried to access her email and platform to check her flight schedules and hours, but she couldn’t. The next day, she received a notice without further explanation. From that moment, she lost medical coverage and still awaits salary, travel allowance, and holiday pay. “No one, neither the company nor the state nor ANAC (National Administration of Civil Aviation), which should regulate these matters, takes responsibility,” she concluded. Another former employee, who had worked for two years until June 2026, when she signed the voluntary resignation agreement, stated that the company failed to fulfill the payment obligation agreed upon before a notary and stopped paying the health insurance contribution. “From March onwards, we started receiving our salary in installments or outside the scheduled payment date,” she lamented. She expressed disappointment that despite the media attention given to the case in recent weeks, no responsible person from the company has contacted them. Another worker, with four years of tenure, also lost coverage and still hasn’t received his severance. He explained that problems began at the start of the year when the company faced financial shortages. When flights were canceled, the information became increasingly difficult to obtain.