Latin America – Page 40
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NewsVolaris chief lauds flexible cost base but fleet will be flat to 2023
Mexican ultra-low-cost carrier Volaris is weathering the coronavirus storm thanks to its variable cost base, but still expects its fleet size to be flat through to 2023 as demand inches back.
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NewsAeromexico files for bankruptcy
Grupo Aeromexico, the parent company of Mexican flag carrier Aeromexico, has filed for Chapter 11 bankruptcy protection in the US after the coronavirus pandemic decimated its business.
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NewsEmbraer delivers first enhanced Phenom 300E
Embraer has delivered the initial example of the latest Phenom 300E, with the handover on 26 June to a US law firm coming just six months after the upgraded light-cabin business jet was launched.
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NewsEmbraer completes first Praetor 500 conversion
Embraer has completed the first conversion of a Legacy 450 to a Praetor 500 for an undisclosed customer. The modification was undertaken at the Brazilian airframer’s service centre at Bradley International airport in Windsor Locks, Connecticut – one of four Embraer-owned facilities appointed to perform the bespoke upgrade on the ...
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NewsAeromexico says it will not file for bankruptcy, despite lack of liquidity
Mexican flag carrier Aeromexico says it has no plans to file for bankruptcy, but that it is “evaluating alternatives to move towards a better financial position” after the global coronavirus pandemic decimated its liquidity.
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NewsUS DOT fines Copa $450,000 for flying passengers between the US and Venezuela
The US Department of Transportation (DOT) has fined Panama-headquartered Copa Airlines $450,000 for “unlawfully transporting passengers” between the USA and Venezuela.
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NewsALTA Leaders’ Forum postponed to 2021
The annual Latin American and Caribbean Air Transport Association (ALTA) Airline Leaders’ Forum, one of the premier events for Latin American aviation, has become the latest industry event to fall victim of the coronavirus pandemic.
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NewsEmbraer secures $600m to shore up its finances
Brazilian aircraft manufacturer Embraer says it secured $600 million in export financing and loans to shore up its liquidity position as it deals with the fallout of the coronavirus crisis and the scuppered tie-up with Boeing.
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NewsIATA re-ups calls on Latin American governments to support airlines
Commercial aviation association IATA has strengthened its calls for Latin American governments to assist their respective airline industries in order to help them survive the coronavirus crisis that has brought the sector to a near-standstill across the region.
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NewsDelta 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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NewsEmbraer avoids aircraft cancellations in first quarter as losses accumulate
Despite the coronavirus crisis, Embraer has not seen customers cancel any aircraft orders and has high hopes that demand for its regional jets will remain solid as the industry recovers.
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NewsIATA criticises South American governments for lack of aviation support
Airline trade group IATA has criticised Latin American governments for essentially leaving their airlines out to dry as the coronavirus devastates the industry in the region, questioning when the sector will return to its previous strength or even if individual carriers can survive the pandemic at all.
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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.