LATAM Airlines Brazil to participate in a restructuring proposal for Oceanair Linhas Aéreas S.A. and AVB Holding S.A.
LATAM Airlines Brazil, an affiliate of LATAM Airlines Group S.A. (NYSE: LTM / IPSA:LTM), announces that it has been approached by Elliott Associates L.P., Elliott International L.P., and Manchester Securities Corporation (jointly «Elliott»), the largest debt holders of Oceanair Linhas Aéreas S.A. («Oceanair») and AVB Holding S.A. (jointly «Avianca Brasil»), to participate in a restructuring […]
Norwegian’s first flight to Brazil takes off from London Gatwick
Norwegian has today commenced its first route to Brazil with a brand-new non-stop service from London Gatwick to Rio de Janeiro. The new flights offer consumers in the UK an affordable way to travel to Brazil with fares from £169.90 one-way in Economy and £449 one-way in Premium, available to book at www.norwegian.com/uk/destinations/rio-de-janeiro. Passengers will […]
Virgin Atlantic Cargo set to debut in South America
Virgin Atlantic Cargo will launch daily Boeing 787 passenger flights between London Heathrow and São Paulo, Brazil, in 2020, its first foray into South America. The new route will give customers direct access into the continent’s largest import and export market. The airline expects to carry regular shipments of car parts, pharmaceuticals, food and agricultural […]
Avianca Brasil apresenta plano de recuperação judicial
A Avianca Brasil apresentou hoje uma proposta de plano de recuperação judicial, que deverá ser analisada na Assembleia Geral de Credores da companhia. A reunião está marcada para o dia 29 de março, às 14h, em São Paulo. De acordo com o documento, o plano prevê a constituição e alienação da UPI Life Air; a […]
Corporación América Airports S.A. Reports 5.5% YoY Increase in Total Passenger Traffic in February 2019
Corporación América Airports S.A. (NYSE:CAAP), («CAAP» or the «Company») the largest private sector airport perator in the world by number of airports, reported today preliminary year-over-year passenger traffic growth of 5.5% in February 2019. Passenger Traffic, Cargo Volume and Aircraft Movements Highlights Statistics Feb’19 Feb’18 % Var. YTD’19 YTD’18 % Var Domestic Passengers (thousands) 3,584 […]
Brazil’s Bold Privatization Plan Put to Test With Auction of 12 Airports
President Jair Bolsonaro’s market friendly agenda faces a key test on Friday with an airport auction that will serve as a gauge of investors’ appetite for the administration’s massive privatization plan. The tender is expected to generate 3.5 billion reais ($910 million) in investments in the next 30 years. That figure includes a minimum initial […]
Flybondi continues its expansion in South America
Flybondi continues its expansion in the Region. After starting its international operation in December 2018 for Paraguay and Uruguay, it has just started the administrative, contractual and regulatory process to start its operations in Brazil. On Friday, February 15, the company received the authorization of legal operation from the aeronautical authority of the country, ANAC […]
Licitación de aeropuerto da inicio a privatizaciones en Brasil
El nuevo gobierno de Brasil iniciará su plan de privatización masiva en marzo con la venta de aeropuertos, ferrocarriles y puertos por un valor de 7.600 millones de reales (US $2.000 millones), según el miembro principal del gabinete, el general Carlos Alberto dos Santos Cruz. El 15 de marzo, doce aeropuertos se pondrán a la […]
Eurocontrol, Brazil ATC begin long-haul flight data exchange
European air traffic management (ATM) organization Eurocontrol and Brazil’s department of airspace control DECEA have begun exchanging long-haul flight data in real time in a bid to increase airspace capacity. The first time the Eurocontrol network manager (NM) confirmed the reception and processing of data from DECEA was on Nov. 21, Eurocontrol said Dec. 18. […]
Azul and Correios’ e-commerce joint venture gains antitrust approval in Brazil
Brazil’s postal service Correios and local passenger airline Azul have gained antitrust approval for their joint venture to create a logistics platform serving Brazil’s e-commerce sector. The December 2017 Memorandum of Understanding (MoU) between the carrier’s Azul Cargo Express unit and Correios to create a logistics company has been cleared «without restriction» by Brazil’s competition […]
