Airlines
Trulli
A LATAM Airlines Boeing 787-9 departing LAX (Photo: AirlineGeeks | James Dinsdale)

LATAM Closes Second Quarter with $2.3 Billion in Liquidity

This Monday, the LATAM Airlines Group reported that it foresees better operational prospects for the next six months, despite the profound impact of the pandemic in Latin America so far this year. In a press release, the group stated that it plans to reach a capacity greater than 50% of its pre-pandemic operations, measured in available seat kilometers, by the end of the third quarter of 2021, which would represent the highest level within the LATAM Airlines Group operation since…

European Commission Approves $420 Million Loan to Condor

German carrier Condor has been approved a €380 million Euros ($420 million) loan by the European Commission to be used for the carrier’s restructuring and pathway for economic viability, following the demise of its parent company Thomas Cook. The loan, provided by German state-owned bank KfW, is subject to the…