Latin America – Page 41
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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.
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Airline BusinessGrounded commercial aircraft around the world – in pictures
Parked aircraft have become commonplace at airports in all regions as the coronavirus outbreak prompts border restrictions and plummeting demand for air travel
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NewsFirst Nigerian Super Tucano conducts maiden sortie
The first A-29 Super Tucano due for delivery to the Nigerian air force has conducted its maiden flight from Jacksonville, Florida.
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NewsLATAM 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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Airline BusinessIATA appeals to Latin American governments for coordination
Airline industry association IATA is calling on Latin American governments to harmonise plans to eventually restart air service and reopen borders, saying an uncoordinated effort will hinder the sector’s recovery.
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NewsUS DOT denies minimum service exemptions to Spirit, JetBlue
The US Department of Transportation (DOT) has largely denied Spirit Airlines’ and Jet Blue Airways’ requests for exemption to minimum service rules required for carriers to accept government aid as they consolidate their networks due to the sharp drop-off in demand following the coronavirus global health emergency.
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NewsGol cancels 34 Boeing 737 Max orders
Brazil’s low-cost carrier Gol says it has reached an agreement with Boeing on cash compensation for the more-than-year-long 737 Max grounding, and the termination of 34 forward orders for the company.
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NewsLATAM 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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NewsSaab commences production of first Brazilian Gripen F
Saab has cut metal on the first two-seat Gripen F for the Brazilian air force. The first part cut for the aircraft will form part of the jet’s air duct section, just behind the fighter’s cockpit, says Saab. Video: First Metal Cut Gripen F to Brazil ...