Government-owned Tame received no bids from commercial air carriers to assume majority ownership in the struggling airline. The technical committee in charge of the bidding did not say if it planned another round.
In May, the committee said that two unnamed commercial carriers were interested in the partnership and were in discussions with the government. The bid offering required the winner to invest a minimum of $60 million in Tame.
Meanwhile, Tame has made it official that it is permanently dropping its four weekly flights between Guayaquil and Havana as well as seven flights between Guayaquil and Latacunga.
The airline had also planned to eliminate 19 flights between Cuenca and Guayaquil but reversed itself following negotiations with Cuenca city and business officials. Those flights are scheduled to resume in early August although an exact date has not been set.
Tame flights to Havana, Cuenca, and Latacunga have been suspended since mid-April.