All Latin America articles – Page 42
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NewsAeromexico reports dismal Q3 results, but sees improvement
Grupo Aeromexico, the parent company of Mexico’s legacy carrier, Aeromexico, reported a sharp decline in year-on-year revenue and a net loss for the third quarter as the coronavirus clipped the airline’s operations and bankruptcy proceedings continue in a US court.
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NewsEmbraer accelerates deliveries to 28 jets in third quarter but still lags last year
Brazilian airframer Embraer delivered 28 business and commercial jets in the third quarter of 2020, bringing its year-to-date total to 59 aircraft.
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NewsEmbraerX launches first urban air mobility project, Eve
EmbraerX, the Brazilian airframer’s innovation subsidiary, has spun off its first electric vertical take-off and landing (eVTOL) project, called Eve.
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Airline BusinessAirline coronavirus recovery tracker: October 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.
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NewsPerson ‘more likely to be hit by lightning’ than catch Covid-19 in aircraft
Data suggests that an individual has a much greater chance of being hit by lightning over a 12-month period than they would of catching Covid-19 during a commercial flight, according to IATA.
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NewsAvianca boosted as US court clears it to access $2 billion in financing
Colombia-based Avianca has received approval from the US Bankruptcy Court for the Southern District of New York to access the $2 billion debtor-in-possession financing for which it had secured funding commitments on 21 September.
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NewsCourt upholds decision to suspend Avianca state loan
A Colombian court has upheld its injunction barring the national government from participating in Avianca’s debtor-in-possession (DIP) financing, but the airline is confident its latest proposal will still be approved by the US bankruptcy court.
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NewsLight twin-turboprop ATL-100 to be produced at Portuguese facility
Portugal’s government expects a joint turboprop aircraft programme with Brazilian industry will create 1,200 positions at a new integrated production facility in Evora. The twin-engined ATL-100 is being created through a joint-venture between Brazilian firm Desaer and the Portuguese engineering and product development centre CEIIA. It derives its designation from ...
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NewsCaribbean Airlines to reduce salaries, lay off staff
Caribbean Airlines is implementing cost cutting measures including salary reductions, temporary layoffs and reducing discretionary spending in order to manage through the coronavirus crisis.
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NewsFAA and ANAC certificate Embraer’s Synthetic Vision Guidance System
Brazilian airframer Embraer says its Synthetic Vision Guidance System (SVGS) has gained approval for use in its Phaeton 500 and Praetor 600 aircraft in two important jurisdictions.
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NewsAzul converting four E195s to support freight division
Azul has converted one of its Embraer 195s into a freighter to support its cargo division, and plans to adapt another three in response to “record demand”.
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NewsSaab F-39E Gripen arrives in Brazil for flight testing
The Brazilian variant of the Gripen E/F will be used for a flight-testing campaign.
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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.
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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 ...
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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,
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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.
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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 ...
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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 ...
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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.
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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.