LATAM Airlines Group operated 49.7% of 2019 capacity levels in the third quarter, a significant improvement considering the COVID-19 border restrictions still in place in a number of South American countries in which it operates.
LATAM Airlines Group is the latest operator in Latin America working to strike a fleet balance and has asked the bankruptcy court overseeing its restructuring to approve the purchase of 28 new Airbus narrowbodies.
Following Argentina’s recent decision to lower the cap of passengers arriving on international flights, LATAM Airlines group has been forced to cancel service from Brazil and Chile to the neighboring country.
Decision makers from IAG Cargo, MASkargo, UPS and Emirates SkyCargo have confirmed their attendance at the brand-new event dedicated to air cargo network development.
Azul revealed the agreement has now been terminated and the airline has instead hired advisors to explore industry consolidation opportunities in the region.
LATAM Airlines Group has reached a deal with Boeing to terminate orders for five widebody aircraft as it continues to restructure under Chapter 11 bankruptcy protection.
A surge in coronavirus cases and low vaccination rates in some of South America’s key markets are stalling the recovery of air travel in the region, creating uncertainty for some operators that just a few months ago believed the worst was behind them.
LATAM Airlines Group is using its Chapter 11 bankruptcy reorganization to retire its Airbus A350 widebodies, which will streamline its twin-aisle fleet to all Boeing aircraft.
LATAM Airlines Group has suspended most of its international flights to and from Chile after the government instituted restrictions on international travel.
LATAM Airlines Group aims to exit Chapter 11 bankruptcy by the end of 2021 and believes its restructuring process will improve the company’s competitive position going forward, particularly in key markets such as Colombia.