Paz Lovisolo was already chairing Flybondi’s board when, on February 2, 2026, she became the first woman to take over as the airline’s CEO. Until then, her work had involved contracts, acquisitions and board decisions. As CEO, she also took charge of day-to-day operations.
By the time she became CEO of Flybondi, Lovisolo was already overseeing legal affairs at COC Global Enterprise, Leonardo Scatturice’s U.S. group, which had bought a majority stake in the airline in 2025.
When the group announced its arrival at Flybondi, it presented plans to invest about $1.7 billion in adding aircraft and opening routes across Latin America and the Caribbean. As new destinations were being announced, Flybondi was dealing with delays and cancellations, and passengers were still asking for answers.
In early June, about four months after becoming CEO, Lovisolo stepped down. She remained chair of Flybondi’s board and continued to oversee legal affairs at COC Global.
The Work Behind the Acquisitions
Lovisolo came to Flybondi as a lawyer for COC Global. When the group buys a company, she handles the contracts and approvals needed to close the deal. Her work continues after the papers are signed. She also makes sure the terms of the agreement are carried out. According to COC Global, she also takes part in group decisions and in acquisitions abroad.
In Argentina, the group made three acquisitions in seven months. It bought Flybondi in June 2025, OCA in December and the Flecha group in January 2026. It then had to decide who would lead each company. The airline, the postal operator and the logistics company came under the same ownership, but each needed its own management team.
Lovisolo had worked on those acquisitions as a lawyer. When she took over as Flybondi’s CEO, she already knew the airline and what the group had planned for it.
A Management Reshuffle at Flybondi and OCA
In February, the group also changed the leadership at OCA. Mauricio Sana stepped down as CEO of Flybondi to run the postal operator. He also became vice chair of the airline.
Lovisolo became both chair and CEO of Flybondi and kept her role as head of legal affairs at COC Global. Scatturice presented her appointment and Sana’s move to OCA as part of a reshuffle to prepare the companies for growth.
Until then, Lovisolo had worked on contracts and taken part in board decisions. Now she also had to handle what happened each day, from aircraft availability and flight schedules to problems at airports.
When Lovisolo became CEO, improving service meant reducing delays and cancellations and responding to passenger complaints.
Growing While Trying to Stabilize Operations
Lovisolo became CEO of Flybondi after a year of delays, cancellations and passenger complaints. The airline had also faced tensions with the aviation regulator. At the time, the group planned to invest $1.7 billion in adding aircraft and opening routes outside Argentina.
Before adding destinations, Flybondi had to be able to operate the flights it was already selling. Each time an aircraft went out of service, there were fewer options for rebooking passengers. While the group announced new routes, Lovisolo had to keep the airline running day to day.
Passengers who had already bought tickets needed to know whether they would be able to travel, when their flights would leave and what would happen if they were canceled. The airline still had to earn back that trust.
Four Months as CEO
The problems continued through the first half of 2026. Flybondi cut routes and staff. When its aircraft lease with Avion Express ended, the airline had fewer planes to cover the flights it had already scheduled. With passenger complaints still unresolved, Flybondi had to adjust its schedule to the aircraft it had available. That also complicated its plans to open new routes.
In May, Sana left OCA and parted ways with the group. Soon after, news broke that Lovisolo would step down as CEO of Flybondi.
Her departure became public in early June. Flybondi had yet to announce a successor. About four months had passed since she took the job on February 2.
Flybondi was already having service problems when Lovisolo took over, and those problems persisted when she stepped down. It remained unclear what measures she had managed to put in place during her time as CEO.
The Responsibilities She Kept
When Lovisolo stepped down as CEO, she handed over responsibility for flights and the airline’s daily operations. She continued to chair Flybondi’s board and oversee legal affairs at COC Global, its majority shareholder.
In those roles, Lovisolo continued working on contracts and negotiations and taking part in decisions about the group’s companies. With the deals from 2025 and early 2026 closed, the group had to turn its attention to running the businesses it had acquired.
To open new routes, Flybondi still had to determine how many aircraft it could count on, how it would finance additional planes and when it could get back to operating flights reliably.
In June, Lovisolo stepped down as CEO, a position no woman at Flybondi had held before her. She continued to take part in those decisions as chair of the airline and head of legal affairs at COC Global.
In February, Lovisolo became the first woman to take over as CEO of Flybondi. In June, she left that role and continued chairing the airline’s board and overseeing legal affairs at COC Global.
