The wait is over; today, Avianca exits Chapter 11. The South American carrier announced it has successfully achieved agreements with its creditors, raised fresh investments of US$1.7 billion, and obtained approval for its plan of reorganization . Avianca will emerge “with…
The carriers in the Latin America region have published their latest financial results, and we have three operators that had back-to-back net profits. Nevertheless, the majority of the airlines flying south of Río Grande continue to struggle due to the…
Yesterday, the US Court approved Avianca’s reorganization plan, setting up everything for the airline to have a successfully complete reorganization and emerge from Chapter 11 before the year ends. Avianca’s Chapter 11 goes forward Avianca is the first among the…
The Colombian Civil Aviation authorities have given authorization to Bogota’s International Airport to augment the number of flights per hour it can have. Colombia’s El Dorado to increase its capacity, going from 47 operations every sixty minutes to 65. Nevertheless,…
The Latin American and Caribbean Air Transport Association’s (ALTA) Airline Leaders Forum wrapped up earlier this week. During a couple of days, the airlines’ executives gathered and talked about the recovery in the region, which has varied dramatically across the…
Today, Boeing released its latest Commercial Market Outlook (CMO). The OEM expects that, until 2040, there will be 43,610 new deliveries worth US$7.2 trillion globally, with an annual 3.1% fleet growth. Meanwhile, Latin America’s new deliveries will outpace worldwide growth.…