All Latin America articles – Page 39
-
Airline BusinessWhere the airline industry was when the music stopped
Another year of strong profit and traffic growth in 2019 for leading carriers illustrates the highs the industry had reached before the coronavirus pandemic, but offered no warning of the crisis to come that has pushed airlines to the brink.
-
NewsVolaris shareholders vote in favour of capital increase
Mexican low-cost carrier Volaris has won shareholder approval to raise up to Ps3.5 billion ($164 million) in capital. The airline says it is “evaluating different financing alternatives” after shareholders approved the plan at an extraordinary general meeting on 18 September. Source: Airbus Options under consideration are a ...
-
NewsNew York bankruptcy court green-lights LATAM’s revised financing proposal
LATAM Airlines’ revised debtor-in-possession financing proposal has been approved by a bankruptcy court in New York,
-
NewsAvianca appeals injunction against $370m loan
Colombia’s Avianca, which filed for bankruptcy protection in a New York court in May, has appealed an injunction preventing disbursement of a major loan needed to keep the company afloat.
-
AnnouncementsFlightGlobal launches Decade of Airline Excellence Awards
FlightGlobal is delighted to announce the launch of the Decade of Airline Excellence Awards, which Airline Business will deliver later this year with our partner, Korn Ferry. Amid this year’s unprecedented disruption, we have decided to take a break from the Airline Strategy Awards – which will return in the ...
-
NewsLATAM request for DIP financing rejected by bankruptcy court
LATAM Airlines’ proposal to secure $2.2 billion in debtor-in-possession financing has been rejected by a bankruptcy court in New York. The Chile-based airline group, which filed for Chapter 11 bankruptcy protection in the USA on 26 May, says in a Securities and Exchange Commission filing that a judge at the ...
-
NewsLATAM names former JetBlue executive as new commercial chief
Chile’s LATAM Airlines has appointed Marty St. George to be its new chief commercial officer.
-
NewsVolaris seeks shareholder approval for $162 million capital raise
Volaris is seeking to raise up to 3.5 billion Mexican pesos ($162 million) through a rights offering, share sale or debt issuance to strengthen its balance sheet and enable it to take advantage of market opportunities.
-
Airline BusinessAirline coronavirus recovery tracker: September 2020 update
Our regular examination of the latest global data for several key airline market indicators, including traffic and capacity in passenger and cargo markets, airport passenger throughput, in-service and stored fleets, jet fuel costs, and share price trends for the world’s largest groups.
-
NewsEmbraer cuts Brazil workforce by 4.5%
Brazilian aircraft manufacturer Embraer is reducing its workforce in the Latin American country by 4.5%, or about 900 employees.
-
NewsAir cargo traffic stabilises in July as capacity crunch continues
Air cargo traffic was stable in July but demand continues to be constrained by the lack of bellyhold capacity, according to the latest monthly report from IATA. Figures from the airline association show that demand in cargo tonne kilometre (CTK) terms fell by 13.5% year on year in July. IATA ...
-
NewsColombian investigators probe DC-3 landing excursion
Colombian investigators are probing a runway excursion during landing involving a Douglas DC-3 operated by the local carrier Aerolineas Andinas Aliansa. The aircraft (HK-2006) had been arriving at San Jose del Guaviare airport, which has a single runway around 1,400m in length, having flown from Pacua some 320km to the ...
-
NewsArgentina to use pension funds to restart development of IA-100 ‘Malvina’
Argentina, which defaulted on its national debt in May, has decided to dip into its military pension and retirement fund to restart the development of its new trainer aircraft, the IA-100. The country sees its pension funds a means to develop other projects in the future.
-
NewsIATA warns that Argentina may delay September air travel restart
Rumours are swirling that Argentina’s government might push back its plan to reopen the country to air travel on 1 September, throwing uncertainty around carriers’ plans to resume operations to the country.
-
Airline BusinessLatin American aviation’s coronavirus slumber far from over
As the global aviation industry gets used to the idea that a rebound may take three years, the sector in Latin America is looking at a particularly difficult recovery, as airlines report staggering losses, borders remain closed and governments continue withholding aid.
-
NewsNew management team at Embraer Commercial
Embraer announced several shifts in its commercial aircraft division’s management team just weeks after Arjan Meijer took the helm of the division at the Brazilian airframer.
-
NewsAzul banks on flexibility to weather coronavirus
Brazil’s Azul is banking on its fleet flexibility to match increasing demand for travel in the second half of the year after the coronavirus pandemic took a toll on the carrier in the second quarter.
-
NewsAzul restructures lease payments to ease debt pressure
Brazilian carrier Azul has restructured its payment schedule with aircraft leasing firms which will including cutting operating lease outgoings by more than three-quarters over the last nine months of 2020. Its arrangements mean it will benefit from working capital relief amounting to R$3.2 billion ($595 million) by the end of ...
-
NewsCopa’s second-quarter results shattered by travel restrictions
Copa Holdings, the parent of Panama City-based Copa Airlines, reported a second-quarter loss of $386 million as the coronavirus, coupled with numerous government-imposed measures to stop its spread, decimated the company’s business.
-
Airline BusinessAirline coronavirus recovery tracker: August 2020 update
Our regular examination of the latest global data for several key airline market indicators, including traffic and capacity in passenger and cargo markets, airport passenger throughput, in-service and stored fleets, jet fuel costs, and share price trends for the world’s largest groups.