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.
Delta Air Lines and LATAM Airlines Group received final approval from the Brazilian Government to implement their planned joint venture (JV) between North America and Brazil.
Aeromexico and LATAM Airlines Group are seeking to further expand the breadth of their codeshare partnership to cover services operated by the Mexican flag-carrier to the U.S.
Argentina was scheduled to reopen its borders and permit airlines to fly in and out of the country on Sept. 1 after almost six months of mandatory closure. It won’t happen.