Latin America – Page 16
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NewsAvianca emerges from bankruptcy protection
Colombian carrier Avianca is the first of three Latin American airlines to complete its financial restructuring process and emerge from Chapter 11 bankruptcy proceedings.
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News
Allegiant and Viva Aerobus apply to DOT for joint venture
Allegiant Air and Mexico’s Viva Aerobus have applied to the US Department of Transportation (DOT) for approval of a commercial alliance that would expand low-cost flying between the USA and Mexico, and give the Las Vegas-based carrier an equity stake in the Mexican carrier.
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News
Aeromexico files amended restructuring plan
Mexican carrier Aeromexico has filed an amended reorganisation plan with a US bankruptcy court that includes a proposal to give lead lender Apollo Global Management an equity stake.
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News
LATAM details $8.19bn financing plan to support Chapter 11 exit
Latin American operator LATAM Airlines Group has submitted its re-organisation plan to support the company’s exit from Chapter 11 bankruptcy protection. LATAM says the plan follows a restructuring support agreement, backed by its largest unsecured creditor group, as well as “certain” shareholders holding over 50% equity. It centres on the ...
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Analysis
How Afghanistan’s fall reshaped World Air Forces inventory
Afghanistan returning to Taliban control saw its military aircraft inventory drop to zero and tested the international community’s ability to rescue at-risk civilians, during another busy year for defence.
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In depth
Airline Business Index shows industry nearing three-quarters of pre-Covid size
The latest Airline Business Index shows the global airline industry is nearing three-quarters of its pre-Covid size, driven by rapidly returning passengers and revenue in the third quarter. The overall score of 72 (2019 = 100) represents an increase of six from the score on 30 June 2021, 12 ...
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News
Copa to restore entire network in 2022
Copa Holdings, parent of Panama’s Copa Airlines, expects to restore the carrier’s full network next year as more countries discard coronavirus-driven travel restrictions and vaccination rates across Latin America inspire customers to travel.
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News
Dominican Republic aviation regulator approves 30 routes for AraJet
The civil aviation regulator of the Dominican Republic has approved 30 routes for DW Dominican Wings SA, which will fly under the new brand name AraJet, formerly Flycana, as the first low-cost carrier based in that country.
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News
KC-390 ‘perfect’ for Middle East operations, Embraer boss says
Embraer’s defence unit is enjoying a busy Dubai air show, with Brazilian President Jair Bolsanaro among those to have received a tour of its KC-390 tanker/transport.
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Embraer starts assembly of Hungary’s first KC-390 transport
The aircraft recently passed its critical design review and a ceremony was held at Embraer’s Gaviao Peixoto facility in Brazil to mark the start of production.
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News
Azul CEO confirms interest in acquiring LATAM
Azul’s chief executive doubled down on comments he made last week about a potential acquisition of LATAM Airlines Group, pending the outcome of the Chilean airline’s bankruptcy protection process.
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News
Azul ‘bullish’ about future booking and revenue trends
Brazil’s Azul Airlines is “bullish” about booking and revenue trends after its revenue increased almost 60% from the second to third quarters of 2021.
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News
LATAM loses $692m in Q3, sees capacity hitting 65% by year-end
LATAM Airlines Group posted a third-quarter loss but says increased vaccination rates, fewer travel restrictions and pent-up demand will propel capacity to 65% of pre-pandemic levels by year-end.
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News
Gol reports wider Q3 loss, prepare to resume international flights
Gol reported a net loss of R$2.5 billion ($455 million) in the third quarter of 2021, but says that higher vaccination rates and the opening of borders across the hemisphere will boost travel in the coming busy summer holiday season.
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In depth
Airline Business Covid-19 recovery tracker: November 2021 update
Our regular examination of the latest global data for several key airline market indicators, including traffic and capacity in passenger and cargo markets, in-service and stored fleets, jet fuel costs, and share price trends for the world’s largest groups.
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News
Embraer reveals ‘Energia’ family of electric- and hydrogen-powered aircraft concepts
Embraer has unveiled a family of four low- or zero-emission concept aircraft for the regional market that it hopes to fly over the coming decades, including hybrid-, all-electric and hydrogen-powered models.
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Analysis
Azul surprises with talk of LATAM Airlines Group acquisition
Reports that Brazilian carrier Azul is preparing a bid for LATAM Airlines Group mark the second recent example of potential M&A activity to feature an airline interested in purchasing a much-larger rival.
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News
Air cargo demand still high but ‘tangled’ global trade a concern: IATA
Airlines are continuing to benefit from high demand for air cargo, according to industry association IATA, but rising consumer and producer prices could eventually weigh on growth.
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News
US bankruptcy court approves Avianca reorganisation plan
A US court has confirmed Colombian flag carrier Avianca’s reorganisation plan, clearing the way for the airline to emerge from Chapter 11 bankruptcy proceedings by the end of the year.
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News
Argentina re-opens to vaccinated foreign tourists
Argentina, one of the last countries in Latin America to relax Covid-dependent entry restrictions, re-opens its borders to vaccinated foreign tourists on 1 November.
