Aviation History
Paraguay's flag carrier, Líneas Aéreas Paraguayas (LAP), was founded in 1962 and flew regional South American routes from Asunción until it was privatized in 1994 and collapsed in 1996, when Brazil's TAM absorbed its operations (later folded into LATAM Paraguay). The country has effectively had no true flag carrier since, though in late 2025 the Argentine low-cost airline Flybondi began a formal process seeking designation as Paraguay's flag carrier — a bid still pending as of this writing.
Líneas Aéreas Paraguayas was established on 17 November 1962 and began flights on 20 August 1963 with Convair 240 aircraft linking Asunción to Rio de Janeiro, Buenos Aires and São Paulo.
The government-owned carrier was privatized and sold to Ecuadorian airline SAETA, later operating as LAPSA Air Paraguay.
LAP/LAPSA ceased operations on 6 October 1996 and was absorbed by Brazil's TAM Linhas Aéreas, forming what eventually became LATAM Airlines Paraguay.
Paraguay's civil aviation authority announced a plan to reacquire and revive a national airline in August 2020, though the effort did not materialize as planned.
Argentine low-cost carrier Flybondi began a formal process in December 2025 to be designated Paraguay's flag carrier alongside a regional expansion plan — a bid whose outcome remains pending.
LATAM Airlines Paraguay (formerly TAM Paraguay/Mercosur) · Paranair · Flybondi (seeking flag-carrier designation)
Wikipedia, MercoPress, Aviation Week; Flybondi flag-carrier bid reflects a pending, unresolved process as of early 2026