Latin America – Page 51
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NewsAir 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.
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NewsUSA 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.
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NewsWhy 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.
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Airline BusinessNew chief has big plans for ACI, but crisis recovery comes first
The new director general of airports body ACI World has grand plans to increase the profile and reach of the organisation – but knows he must first oversee the industry’s recovery from an unprecedented crisis, as the coronavirus pandemic halves passenger traffic in 2020. “The short-term [goal] is of course ...
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NewsEmbraer Commercial’s new CEO eyes E-Jet resurgence amid pandemic-battered industry
While all airframers are struggling to navigate a smaller post-coronavirus industry, Brazilian company Embraer sees itself well-positioned as airlines look to rebuild networks and find ways to survive, and thrive, in the new normal.
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Airline BusinessAirlines urgently need winter waiver decision: IATA slots chief
Airlines urgently require regulatory bodies to waive the 80:20 slot rule for the northern hemisphere winter season, according to Lara Maughan, head of worldwide airport slots at IATA. Absent decisions to do so by the end of July – particularly from the European Commission, which has regulatory oversight of half ...
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Airline BusinessHow many jobs are airlines cutting due to coronavirus?
Of the large airlines to have made announcements so far, most have implemented job cuts affecting significant proportions of their workforces.
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NewsGA Telesis, Liebherr ink E-Jet landing gear overhaul agreement
GA Telesis’ MRO unit will cooperate with Liebherr-Aerospace to provide landing gear repair and overhaul for Embraer E-jet operators in the Americas. The agreement will see GA Telesis receive technical support and original materials from Liebherr-Aerospace, which manufactures the landing gear on the E-Jet family. GA Telesis adds that ...
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NewsAirline Business podcast: Challenges as airlines return to skies
As airlines begin to ramp up operations, Graham and Lewis discuss the demand situation and the possible pitfalls ahead.
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NewsLATAM secures key funding as Brazilian unit joins Chapter 11 filing
LATAM Airlines Brazil has joined other parts of the airline group in entering Chapter 11 bankruptcy protection as it took a further step to securing required financing to complete its restructuring.
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NewsSaab starts Gripen E production in Brazil
The aerostructures plant, called Saab Aeronautica Montagens, is the first outside of Sweden to produce large components of the combat aircraft.
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NewsAeromexico looks to quit 19 aircraft leases
Grupo Aeromexico, the parent company of Mexico’s flag carrier, has petitioned to be released from aircraft and engine leases as it seeks to shrink its fleet to reduce costs.
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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.