Avianca’s Chapter 11 plan – a review
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Tag Chapter 11
LATAM’s Fleet Plan
Today we will be looking at LATAM’s fleet plan. The South American airline has been actively reducing the size of its fleet but also has restarted the reconfiguration project of its narrowbody planes. At the end of 2019, LATAM had…
Delta and Qatar fight LATAM fraud claims
The LATAM Airlines Group’s unsecured creditors’ committee in its Chapter 11 proceedings alleged this week that Delta Air Lines and Qatar Airways took advantage of LATAM’s precarious position in 2020. The committee stated that these two carriers perpetrated fraud against LATAM.…
Mexico and Colombia drive Latin American recovery
So far, Mexico and Colombia drive the Latin American airline industry recovery, according to stats provided by the International Air Transport Association (IATA). These two countries remain the only ones fully open across the subcontinent. Looking at Mexico and Colombia’s…
LATAM Had Good News To Start In 2021 Despite Loss
LATAM had good news to start in 2021. While it had a US$430.9 million net loss during 2021’s first quarter, it increased its liquidity and adjusted its fleet to face the post-COVID world. LATAM’s financial performance came following a 61.2%…
The Dispute Between Aeromexico And Unions Might Jeopardize Its Chapter 11
Aeromexico is on the spot. It has until January 7 to reach four agreements with four different labor unions as part of its Chapter 11 reorganization. The Mexican airline is already on extra time since the original deadline was December…