Aeromexico 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.
Embraer 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.
Embraer completes first Praetor 500 conversion
Embraer has completed the first conversion of a Legacy 450 to a Praetor 500 for an undisclosed customer.
Aeromexico 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.
US 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.
ALTA 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.
Embraer 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.
IATA 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.
Delta 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.
Embraer 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.