You are on ellinikon... BSB, GIG, LIM, GDL ... all would be much easier to set up a profitable airline in, and currently have very little competition. BOG is also a very good market and has little competition now but it is under unrestricted market access so you should set up your holding in a restricted country first (USA, Europe, Brazil, Mexico... some country you might want to play in the future) so you maintain traffic rights for that country, then set up a subsidiary in BOG if you decide. If you decide for BSB or GIG, you need to set up holding in Brazil, if for LIM, in Peru, if for GDL, in Mexico.
Just FYI, setup
Restricted Country (holding) - can play in Restricted country where set up
-Unrestricted country (subsidiary) - can play in any Unrestricted country (must set up there)
-Restricted country (subsidiary) - can play in the same Restricted country as the Holding (SAME COUNTRY)
Unrestricted Country (holding) - can play in Unrestricted country where set up
-Unrestricted country (subsidiary) - can play ONLY in the Unrestricted country as the holding or
-Unrestricted country 2 (subsidiary) - can play in another Unrestricted country (must set pup there).
As you see it's best to set up holding in a restricted country where you MIGHT want to play some day, even if you set up a subsidiary in an Unrestricted country (example above: Colombia, Panama, Costa Rica, Guatemala, some Caribbean islands, Kuwait, Lebanon, Qatar, Kenya, Tanzania, Laos, etc.)
But for a beginner, I really would NOT start in Bolivia, especially if this is your first airline. Take my advice and go for some of the bigger markets I suggested that have low competition at the moment (on Ellinikon).