Latin America – Page 24
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NewsDelta to invest $1.2bn to bolster equity roles in Aeromexico, LATAM and Virgin Atlantic
Delta Air Lines is underpinning its partner airline strategy by investing a further $1.2 billion to retain significant equity stakes in Aeromexico, LATAM Airlines Group and Virgin Atlantic following their respective restructurings or recapitalisations.
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AnalysisAirlines face Omicron with the WHO and consumers on side
As the world awaits hard data on the likely impact of the Omicron variant of Covid-19, airlines also face slim-pickings when it comes to indictors of how travel demand will respond.
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NewsAllegiant sees Mexico as a “green field”: CEO
A week after Mexican ultra-low-cost carrier Viva Aerobus and Allegiant Air applied to the US Department of Transportation (DOT) for a transborder commercial alliance, the US discount carrier’s chief executive Maurice Gallagher says Mexico is a “green field” that holds many possibilities for the airline.
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In depthAirline Business Covid-19 recovery tracker: December 2021 update
Our regular examination of the latest global data for several key airline market indicators, including traffic and capacity in passenger and cargo markets, in-service and stored fleets, jet fuel costs, and share price trends for the world’s largest groups.
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NewsAvianca emerges from bankruptcy protection
Colombian carrier Avianca is the first of three Latin American airlines to complete its financial restructuring process and emerge from Chapter 11 bankruptcy proceedings.
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NewsAllegiant and Viva Aerobus apply to DOT for joint venture
Allegiant Air and Mexico’s Viva Aerobus have applied to the US Department of Transportation (DOT) for approval of a commercial alliance that would expand low-cost flying between the USA and Mexico, and give the Las Vegas-based carrier an equity stake in the Mexican carrier.
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NewsAeromexico files amended restructuring plan
Mexican carrier Aeromexico has filed an amended reorganisation plan with a US bankruptcy court that includes a proposal to give lead lender Apollo Global Management an equity stake.
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NewsLATAM details $8.19bn financing plan to support Chapter 11 exit
Latin American operator LATAM Airlines Group has submitted its re-organisation plan to support the company’s exit from Chapter 11 bankruptcy protection. LATAM says the plan follows a restructuring support agreement, backed by its largest unsecured creditor group, as well as “certain” shareholders holding over 50% equity. It centres on the ...
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AnalysisHow Afghanistan’s fall reshaped World Air Forces inventory
Afghanistan returning to Taliban control saw its military aircraft inventory drop to zero and tested the international community’s ability to rescue at-risk civilians, during another busy year for defence.
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In depthAirline Business Index shows industry nearing three-quarters of pre-Covid size
The latest Airline Business Index shows the global airline industry is nearing three-quarters of its pre-Covid size, driven by rapidly returning passengers and revenue in the third quarter. The overall score of 72 (2019 = 100) represents an increase of six from the score on 30 June 2021, 12 ...
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NewsCopa to restore entire network in 2022
Copa Holdings, parent of Panama’s Copa Airlines, expects to restore the carrier’s full network next year as more countries discard coronavirus-driven travel restrictions and vaccination rates across Latin America inspire customers to travel.
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NewsDominican Republic aviation regulator approves 30 routes for AraJet
The civil aviation regulator of the Dominican Republic has approved 30 routes for DW Dominican Wings SA, which will fly under the new brand name AraJet, formerly Flycana, as the first low-cost carrier based in that country.
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NewsKC-390 ‘perfect’ for Middle East operations, Embraer boss says
Embraer’s defence unit is enjoying a busy Dubai air show, with Brazilian President Jair Bolsanaro among those to have received a tour of its KC-390 tanker/transport.
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NewsEmbraer starts assembly of Hungary’s first KC-390 transport
The aircraft recently passed its critical design review and a ceremony was held at Embraer’s Gaviao Peixoto facility in Brazil to mark the start of production.
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NewsAzul CEO confirms interest in acquiring LATAM
Azul’s chief executive doubled down on comments he made last week about a potential acquisition of LATAM Airlines Group, pending the outcome of the Chilean airline’s bankruptcy protection process.
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NewsAzul ‘bullish’ about future booking and revenue trends
Brazil’s Azul Airlines is “bullish” about booking and revenue trends after its revenue increased almost 60% from the second to third quarters of 2021.
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NewsLATAM loses $692m in Q3, sees capacity hitting 65% by year-end
LATAM Airlines Group posted a third-quarter loss but says increased vaccination rates, fewer travel restrictions and pent-up demand will propel capacity to 65% of pre-pandemic levels by year-end.
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NewsGol reports wider Q3 loss, prepare to resume international flights
Gol reported a net loss of R$2.5 billion ($455 million) in the third quarter of 2021, but says that higher vaccination rates and the opening of borders across the hemisphere will boost travel in the coming busy summer holiday season.
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In depthAirline Business Covid-19 recovery tracker: November 2021 update
Our regular examination of the latest global data for several key airline market indicators, including traffic and capacity in passenger and cargo markets, in-service and stored fleets, jet fuel costs, and share price trends for the world’s largest groups.
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NewsEmbraer reveals ‘Energia’ family of electric- and hydrogen-powered aircraft concepts
Embraer has unveiled a family of four low- or zero-emission concept aircraft for the regional market that it hopes to fly over the coming decades, including hybrid-, all-electric and hydrogen-powered models.