Latin America – Page 50
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AnnouncementsFlightGlobal launches Decade of Airline Excellence Awards
FlightGlobal is delighted to announce the launch of the Decade of Airline Excellence Awards, which Airline Business will deliver later this year with our partner, Korn Ferry. Amid this year’s unprecedented disruption, we have decided to take a break from the Airline Strategy Awards – which will return in the ...
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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 the ...
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NewsLATAM 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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NewsVolaris 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.
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Airline BusinessAirline 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.
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NewsEmbraer 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.
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NewsAir 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. IATA ...
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NewsColombian 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 the ...
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NewsArgentina 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.
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NewsIATA 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.
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Airline BusinessLatin 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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NewsNew 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.
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NewsAzul 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.
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NewsAzul 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 of ...
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NewsCopa’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.
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Airline BusinessAirline 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.
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NewsEmbraer 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 flew in ...
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NewsEmbraer launches Phenom 300MED
Brazil’s Embraer says its Phenom 300 business jet is now available in a medevac configuration, the Phenom 300MED.
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NewsAir 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 has ...
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NewsGol 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.