Latin America – Page 32

  • Volaris Airbus A320neo (2016)

    Volaris 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.

  • Recovery-tracker-Sept
    In depth

    Airline coronavirus recovery tracker: September 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.

  • Embraer E175-E2 first flight-c-Embraer

    Embraer cuts Brazil workforce by 4.5%


    Brazilian aircraft manufacturer Embraer is reducing its workforce in the Latin American country by 4.5%, or about 900 employees.

  • Atlas Air Qantas Freight 747-8F

    Air cargo traffic stabilises in July as capacity crunch continues


    Air cargo traffic was stable in July but demand continues to be constrained by the lack of bellyhold capacity, according to the latest monthly report from IATA. Figures from the airline association show that demand in cargo tonne kilometre (CTK) terms fell by 13.5% year on year in July. ...

  • Aliansa DC-3 head

    Colombian investigators probe DC-3 landing excursion


    Colombian investigators are probing a runway excursion during landing involving a Douglas DC-3 operated by the local carrier Aerolineas Andinas Aliansa. The aircraft (HK-2006) had been arriving at San Jose del Guaviare airport, which has a single runway around 1,400m in length, having flown from Pacua some 320km to ...

  • IA-100 Malvina

    Argentina to use pension funds to restart development of IA-100 ‘Malvina’


    Argentina, which defaulted on its national debt in May, has decided to dip into its military pension and retirement fund to restart the development of its new trainer aircraft, the IA-100. The country sees its pension funds a means to develop other projects in the future.

  • aerolineas-A330-c-maxkj+FG

    IATA warns that Argentina may delay September air travel restart


    Rumours are swirling that Argentina’s government might push back its plan to reopen the country to air travel on 1 September, throwing uncertainty around carriers’ plans to resume operations to the country.

  • Copa 737 Max 9
    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.

  • Embraer E175-E2 first flight-c-Embraer

    New management team at Embraer Commercial


    Embraer announced several shifts in its commercial aircraft division’s management team just weeks after Arjan Meijer took the helm of the division at the Brazilian airframer.

  • Azul

    Azul banks on flexibility to weather coronavirus


    Brazil’s Azul is banking on its fleet flexibility to match increasing demand for travel in the second half of the year after the coronavirus pandemic took a toll on the carrier in the second quarter.

  • Azul E195-E2

    Azul restructures lease payments to ease debt pressure


    Brazilian carrier Azul has restructured its payment schedule with aircraft leasing firms which will including cutting operating lease outgoings by more than three-quarters over the last nine months of 2020. Its arrangements mean it will benefit from working capital relief amounting to R$3.2 billion ($595 million) by the end ...

  • B737-max9-copa-c-Boeing-640

    ​Copa’s second-quarter results shattered by travel restrictions


    Copa Holdings, the parent of Panama City-based Copa Airlines, reported a second-quarter loss of $386 million as the coronavirus, coupled with numerous government-imposed measures to stop its spread, decimated the company’s business.

  • Airline recovery tracker
    In depth

    Airline coronavirus recovery tracker: August 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.

  • E175-E2

    Embraer slows E175-E2 development and impairs commercial business


    Embraer is pushing back entry into service of the E175-E2 until 2023, although it insists it still intends to continue development of the re-engined twinjet. The airframer says it has taken the decision based on current commercial aircraft market conditions. Embraer says it believes the aircraft, which first ...

  • Phenom-300MED_MEDEVAC_03_Static_Exterior_Civil-paint-scheme-720x480-e3ba7a2a-846d-480e-9689-80db57f42d47

    Embraer launches Phenom 300MED


    Brazil’s Embraer says its Phenom 300 business jet is now available in a medevac configuration, the Phenom 300MED.

  • Air Europa title

    Air Europa acquisition remains justified: IAG’s Walsh


    IAG is striving to close the acquisition of Air Europa by the end of this year, undeterred by the impact of the air transport crisis, although it is reviewing the structure of the €1 billion ($1.2 billion) deal in response to the downturn. While outgoing IAG chief Willie Walsh ...

  • Gol first 737 Max

    ​Gol sees Q3 as bridge to new normal


    Brazilian airline Gol reported a second-quarter loss of R2 billion ($384,000) as the coronavirus crisis ravaged the air transport industry in the Latin American country.

  • Freight loading

    Air cargo decline narrows in June but market ‘exceptionally challenging’


    Air freight traffic declines showed some signs of improving in June but business remains “exceptionally challenging”, according to the latest IATA market wrap-up.

  • Chile F-16s

    USA clears $635 million upgrade package for Chile F-16s


    The US government has approved the sale of a $635 million upgrade package for Chile’s fleet of Lockheed Martin F-16 fighters.

  • Jackson Schneider c Embraer

    Why Embraer Defense is investing in two cybersecurity companies


    For an undisclosed amount, the airframer took a majority stake in Tempest Security Intelligence, a cybersecurity services firm for civilian businesses. Embraer also invested R$20 million ($3.86 million) in Kryptus, a cybersecurity and cryptology firm, through Brazil’s Aerospace Investment Fund.