All Latin America articles – Page 45
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NewsLATAM 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 BusinessMore 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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NewsE-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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NewsLATAM 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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NewsHigh-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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NewsPeruvian 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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NewsIATA 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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NewsAzul 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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NewsAvianca 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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NewsEmbraer 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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NewsALTA 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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NewsAvianca 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 ...
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AnalysisIs Embraer-China tie-up an inevitable marriage or case of strange bedfellows?
The Brazilian government was quick to suggest Embraer cosy up to China, after a proposed partnership with Boeing fell through. Would such a relationship work, and what is at stake?
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NewsIndustry bodies hit out at Argentina move to block flights until September
Airline and airport bodies have warned the Argentinean authorities about the ’imminent and substantial risk’ of its to move to suspend air travel in the country until the start of September.
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NewsEmbraer starts Boeing split proceedings but stays vague on future plans
Embraer has formally commenced arbitration proceedings following the decision by Boeing to terminate the companies’ $4.2 billion merger. But the Brazilian airframer has offered little insight into its response to the sudden collapse of the proposed commercial and military partnership, and the extent to which it had prepared for such ...
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AnalysisWhy Boeing’s jilting leaves Embraer bitter and frustrated
Embraer’s fierce reaction to prospective suitor Boeing’s decision to bale from their intended commercial partnership is hardly surprising, given that the Brazilian airframer stands to lose heavily from the split. While the tie-up proposal, unveiled in late 2017, might have given the impression of a hastily-shoehorned response to Airbus’s audacious ...
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NewsBoeing-Embraer joint venture collapse throws cold water on C-390
Collapse of a joint venture agreement between Boeing and Embraer to promote the Embraer C-390 Millennium will likely make it more difficult to sell the medium-lift transport outside of Brazil, seriously hurting the overall sales of the aircraft programme.
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NewsEmbraer to seek damages as it accuses Boeing of sabotaging merger
Embraer has accused Boeing of deliberately wrecking the proposed tie-up between the two aircraft manufacturers, and is set to launch a damages claim over the collapsed deal. While it acknowledges Boeing’s notice of termination of the master transaction agreement – which set out plans for joint commercial and military aircraft ...
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NewsBoeing walks away from Embraer tie-up
Boeing has abandoned its plans for a tie-up with Embraer, exercising its right to terminate the agreement for joint commercial and military aviation ventures. The US airframer says its master transaction agreement with the Brazilian manufacturer had reached its initial termination date on 24 April. This was subject to extension ...
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AnalysisEmbraer-Boeing tie up tenuous on merger deadline date
The planned merger of Embraer’s commercial aircraft business with Boeing is hanging by a thread as the coronavirus crisis brings into sharp relief some of the problems with a transaction that seemed like a foregone conclusion just a few months ago.