Avianca Exits Chapter 11

Avianca Exits Chapter 11

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...
LATAM lost $691.9 million

LATAM lost $691.9 million

During the 2021 third quarter, LATAM lost $691.9 million due to the impact of the COVID-19 pandemic, plus the increase in costs associated with aircraft maintenance, and one-off impacts, said the carrier in a statement.  Despite the loss, LATAM believes it is...
Does Azul really want LATAM?

Does Azul really want LATAM?

Does Azul really want LATAM? That’s the question we all had this week after Azul’s CEO, John Rodgerson, said the company is ready to make an offer if LATAM creditors fail to agree on a restructuring plan.  What’s going on here? Azul has been pointing out its interest...