Air Europa adds new Brazil route
Air Europa has added Recife in Brazil to its network, as part of a strategy to have 25 destinations in Latin America and the Caribbean by the end of next year. London Gatwick-Recife via Madrid will launch on December 20 as a twice-a-week service, making the carrier"™s third destination in Brazil, and 21st in the […]
Sky Airline to Pursue IPO for Continued Growth in Latin America
The Chilean low-cost carrier Sky Airline is nowadays seeking financial options to fit their investments needs in the near future. For that purpose, top management has embarked in a non-deal roadshow with local and international investment banks in Santiago, Rio de Janeiro and New York in order to review different options to raise new funds […]
Copa Airlines Provides a Way to Buy Latin America’s Growth
Panama’s Copa Airlines (CPA) is in the sweet spot: Its margins are growing, Latin America is a bright spot in a bright global aviation picture and investors seem to have developed an unbridled enthusiasm for the stock. Copa shares closed Friday at $111.98, up 23% year to date and up 116% in the past 52 […]
China’s airlines’ growing presence in Latin America: China Eastern considers Mexico City
Chinese airlines are turning their focus to Latin America at the direction of their government, which wants a global presence from its airlines. Air China serves São Paulo and Havana (which it considers part of Latin America), and in Apr-2017 China Southern launched Mexico City as a tag from Vancouver. HNA partially owns Brazil’s Azul […]
Venezuela finds itself increasingly cut off from air links: IATA
The situation in Venezuela is expected to get worse before it gets better. While that view extends across many industries, this week"™s IATA Annual General Meeting sees the aviation sector in focus and the situation is ugly. IATA"™s Regional VP for Americas, Peter Cerda, spoke to the issues during a briefing on the eve of […]
IATA: Latin America needs to improve infrastructure and regulation to maximise aviation benefits
IATA urged Latin American governments to maximise the benefits aviation generates by addressing critical infrastructure deficiencies and applying ‘Smarter Regulation’ principles. IATA Regional VP for the Americas Peter Cerda stated governments in the region are «hindering sustainable growth with chronic infrastructure deficiencies and debilitating regulation». Critical examples include insufficient capacity at Lima International Airport, antiquated […]
ALTA Adds Trio Of MRO Members
Aeroman, which provides airframe and component MRO along with associated engineering, testing, inventory and logistics services from a sizable complex of maintenance hangars and specialist workshops at El Salvador International Airport, has become an affiliate member of ALTA, the non-profit Latin American and Caribbean Air Transport Association. Not only is Aeroman the fourth MRO company […]
LATAM Airlines profit misses forecast as currencies raise costs
LATAM Airlines, Latin America’s largest airline, reported a slightly smaller profit than expected in the first quarter as local currency appreciation and inflation raised costs, the company reported on Monday. The airline, which was formed via a 2012 tie-up of Chile’s LAN and Brazil’s TAM, said net income was $66 million in the three months […]
Peru’s first low-cost airline starts flights; challenge to LATAM Air
Viva Air became the first low-cost airline to enter Peru’s domestic market on Tuesday, posing a challenge to Santiago-based LATAM Airlines, which has long dominated the market. Viva – a unit of Irelandia Aviation, which is led by Ryanair founder Declan Ryan – will operate 11 domestic routes with a fleet of two Airbus A320 […]
ALTA TRAFFIC REPORT FEBRUARY 2017
"‹"‹ "‹ The Latin American and Caribbean Air Transport Association (ALTA) announced today that Latin America and Caribbean airlines carried 12 million passengers in February, up 8.2% from the previous year, excluding domestic traffic in Brazil, marking the 66th consecutive month of passenger traffic growth for Latin America and Caribbean airlines. Traffic (RPK) grew 8.4% […]
