Although LATAM Airlines Group continues to see overcapacity in Colombia, trends indicate supply in the country’s domestic market should start to rationalize.
GOL's parent Abra Group has agreed to convert $950 million of its secured debt in the Brazilian carrier to equity as it nears exiting bankruptcy protection.
Brazilian carrier Azul has reached agreement with existing bondholders for $500 million in additional financing, a key step in its latest restructuring.
Embraer’s E190F small jet freighter has reached the latest stage in its move towards operational service with the award of FAA certification for its conversion program and cargo loading system.
Abra Group, the main shareholder of Colombian airline Avianca and Brazilian LCC Gol, has signed a memorandum of understanding for five Airbus A350-900s.
Colombia’s Avianca is this month resuming 11 seasonal routes between Central America and the U.S., including between Chicago O’Hare and Guatemala City.
A selection of new routes starting in June, including Scandinavian Airlines adding Atlanta; Delta Air Lines returning to Taiwan; and Emirates offering its first passenger flights to Colombia.
Abra Group, the holding company for airlines Avianca and GOL, has acquired a strategic shareholding in Spanish wet-lease and charter provider Wamos Air.
This week’s Carbon Analysis returns to Latin America and reassesses the emissions of Avianca Group, Azul Brazilian Airlines, GOL Airlines, and LATAM Group.
Avianca is unconcerned about fluctuations in its unit revenues, but the company believes its cost base serves as the foundation for continued profitability.
Colombia’s Avianca is willing to take risks as it aims to expand its point-to-point connections and increase traffic to 40 million passengers annually.