All Latin America articles – Page 41
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News
Aeromexico says it will not file for bankruptcy, despite lack of liquidity
Mexican flag carrier Aeromexico says it has no plans to file for bankruptcy, but that it is “evaluating alternatives to move towards a better financial position” after the global coronavirus pandemic decimated its liquidity.
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US DOT fines Copa $450,000 for flying passengers between the US and Venezuela
The US Department of Transportation (DOT) has fined Panama-headquartered Copa Airlines $450,000 for “unlawfully transporting passengers” between the USA and Venezuela.
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News
ALTA Leaders’ Forum postponed to 2021
The annual Latin American and Caribbean Air Transport Association (ALTA) Airline Leaders’ Forum, one of the premier events for Latin American aviation, has become the latest industry event to fall victim of the coronavirus pandemic.
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News
Embraer secures $600m to shore up its finances
Brazilian aircraft manufacturer Embraer says it secured $600 million in export financing and loans to shore up its liquidity position as it deals with the fallout of the coronavirus crisis and the scuppered tie-up with Boeing.
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News
IATA re-ups calls on Latin American governments to support airlines
Commercial aviation association IATA has strengthened its calls for Latin American governments to assist their respective airline industries in order to help them survive the coronavirus crisis that has brought the sector to a near-standstill across the region.
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Delta and LATAM apply to DOT for codeshare approval
Delta Air Lines and Chilean carrier LATAM have applied to the Department of Transportation for blanket approval to operate codeshare routes within each others’ networks.
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News
Embraer avoids aircraft cancellations in first quarter as losses accumulate
Despite the coronavirus crisis, Embraer has not seen customers cancel any aircraft orders and has high hopes that demand for its regional jets will remain solid as the industry recovers.
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News
IATA criticises South American governments for lack of aviation support
Airline trade group IATA has criticised Latin American governments for essentially leaving their airlines out to dry as the coronavirus devastates the industry in the region, questioning when the sector will return to its previous strength or even if individual carriers can survive the pandemic at all.
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News
LATAM immediately cutting 19 leased aircraft from fleet
LATAM Airlines Group has identified 19 leased aircraft which it will cut from its operators’ fleets, following the company’s filing for US Chapter 11 creditor protection. Six long-haul jets – comprising two Airbus A350-900s and four Boeing 787-9s – are among the aircraft listed in the filing. The remainder is ...
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Airline Business
More Latin American airlines could face liquidity shocks
LATAM and Avianca are Latin America’s first carriers to file for bankruptcy protection amid the pandemic, but they are unlikely to be last considering the slow pace at which the region’s governments have implemented financial assistance programmes.
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News
E-Jet operators told to act to avert trim-switch misfitting
Operators of Embraer 170 and 190 regional jets are being instructed to modify control yokes to prevent horizontal stabiliser trim switches being inadvertently wrongly installed. Brazil’s national civil aviation regulator, ANAC, has advised of “occurrences” in which the pitch-trim switches on the yokes have been fitted with poles inverted. This ...
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News
LATAM voluntarily files for Chapter 11 protection
South American operator LATAM Airlines Group, along with some of its affiliates, is filing for US Chapter 11 creditor protection in order to undertake a restructuring process. The company says the voluntary filing, with the Southern District of New York bankruptcy court, has the support of key shareholders Cueto Group ...
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News
High-speed Islander spun and skidded backwards off wet runway
UK investigators have determined that a high-speed landing on a wet runway resulted in a Montserrat Airways Britten-Norman Islander overrunning, spinning through 180°, and sliding backwards down a steep incline. The aircraft (VP-MNI) came to rest when its tail snagged in the security fence at Montserrat airport. It had been ...
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News
Peruvian air force adds third 737 to transport fleet
Peru has placed a contract worth $3.75 million with Fort Lauderdale, Florida-based D&S Aviation for the supply of a second-hand Boeing 737-300 for the country’s air force.
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News
IATA lays out guidelines for restarting Latin American air travel
Airline trade group IATA has presented an air travel rebook strategy to nearly 50 Latin American and Caribbean governments, laying out guidelines aimed at minimising the spread of coronavirus during airline travel.
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News
Azul cites flexibility as key to coronavirus operations
Brazilian carrier Azul says it is preparing a host of scenarios to manage its way out of the coronavirus crisis, while keeping cash burn low and maintaining a high level of liquidity that it hopes will help it see through to the other side of the global pandemic.
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News
Avianca reorganisation begins
Avianca says initial motions in the proceedings for reorganisation under its Chapter 11 bankruptcy filing have been approved by the US Bankruptcy Court for the Southern District of New York, allowing it to pay employees and creditors and maintain some operations.
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News
Embraer blames Boeing for 30% drop in deliveries
Embraer says it delivered a total of 14 aircraft during the first quarter of 2020, a more than 30% drop from the same period a year ago as the company was preparing to carve out its commercial aircraft division in a now-scuppered joint venture with Boeing.
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News
ALTA names new executive director
The Latin American and Caribbean Air Transport Association (ALTA) says it has named Brazilian Jose Ricardo Botelho as its next executive director and chief executive.
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News
Avianca to cut back fleet and close Peru division
Latin American carrier Avianca is to shut down its Peruvian division, and cut back the fleet of other carriers, as part of the reshaping of the company being undertaken following its filing for Chapter 11 bankruptcy protection. Avianca Holdings sought protection on 10 May in a joint filing covering several ...