There seems to be general agreement that the LaMia BEA146 charter aircraft that crashed near Medellin in Columbia ran out of fuel. LaMia was set up in 2015 in Bolivia. It has three aircraft two of which are currently under repair. The aircraft in question was part owned by the pilot.
Clearly an airline trying to do it on the cheap and thumbing their nose at IATA which requires all aircraft to carry sufficient fuel to make it to their destination plus a diversion airfield plus 40 minutes.
Reinforces the point that flying in a low cost charter airline has the potential to be good on the pocket but injurious to ones health,
I see that the Civil Aviation Authority in Bolivia has now pulled LaMia's operating licence.