All LATAM Airlines Group articles – Page 4
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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 ...
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News
LATAM 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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In depth
Latin 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.
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News
LATAM secures key funding as Brazilian unit joins Chapter 11 filing
LATAM Airlines Brazil has joined other parts of the airline group in entering Chapter 11 bankruptcy protection as it took a further step to securing required financing to complete its restructuring.
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News
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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In depth
Latin carriers feel the pain as crisis deepens
That Latin America’s two biggest operators LATAM Airlines and Avianca have both been forced to file for bankruptcy protections shows the extent to which carriers in the region have quickly found themselves under pressure during the pandemic.
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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 ...
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Analysis
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
LATAM extends 95% capacity cuts through May
LATAM Airlines has extended through May its 95% reduction in planned capacity, citing continued travel restrictions and a lack of demand because of the coronavirus pandemic.
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News
LATAM slashes April capacity 95%
LATAM Airlines has decreased its operation-wide capacity in April by 95%, citing border closures and lower demand because of the coronavirus pandemic.
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News
Malaysia Airlines inks codeshare pact with LATAM
Malaysia Airlines has signed a codesharing agreement with LATAM Airlines, extending its reach into South America starting this month. The Malaysian carrier will codeshare on LATAM-operated flights from points in Australia and New Zealand to Santiago, and LATAM will codeshare on Malaysia-operated flights to Kuala Lumpur. ...
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News
Delta ramps up Miami flights to boost LATAM collaboration
Delta Air Lines says it will add 13 new daily nonstop flights from Miami to US destinations as its strategy following its $1.9 billion investment in Latin American carrier LATAM Airlines begins to take shape.
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News
LATAM moves JFK operations to Delta’s Terminal 4
LATAM Airlines says it is moving its operations at New York’s John F Kennedy International Airport (JFK) to Terminal 4, home to Delta Air Lines, as it begins to merge operations following Delta’s closing on a deal that gave it 20% of the Chilean carrier.
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News
Delta Air Lines completes 20% acquisition of LATAM
Delta Air Lines says it has successfully acquired the 20% equity stake in LATAM airlines group for $1.9 billion, completing a deal it had announced earlier this year.
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News
LATAM and IAG abandon joint venture plans
LATAM Airlines Group has terminated plans to develop a joint venture agreement with alliance partner International Airlines Group (IAG) after deciding to leave the Oneworld alliance.
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News
LATAM signs codeshare with Delta in shift away from American
South American carrier LATAM Airlines Group has signed new codeshare agreements with pending-equity owner Delta Air Lines and announced plans to discontinue its codeshare deal with American Airlines on 31 January 2020.
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Podcast
PODCAST: Airline Business on Air Europa, Brazil, Emirates, Max
The new edition of the Airline Business podcast is now available.
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News
LATAM swings to $86m profit after slashing international capacity
Capacity cuts to international markets and improved performance in Brazil helped push LATAM Airlines Group s profit up 50% year-over-year in the third quarter to $86.3 million.
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News
Alliances 'poor substitute' for true mergers: IAG's Walsh
IAG chief Willie Walsh believes airline alliances are still relevant, owing to restrictions in the air transport industry, but that true corporate mergers are a much more preferable course.
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Analysis
The logic of IAG's swoop for Air Europa
IAG s move to acquire Spanish leisure operator Air Europa for €1 billion ($1.1 billion) is billed as an attempt to bolster Madrid s status as a major European hub.
