Brazil

The auction of Avianca Brazil assets is scheduled for May 7 after many months of negotiations with creditors. The company’s assets are divided into seven units, which will be sold separately. The units consist mostly of slots at Guarulhos, Congonhas and Santos Dumond airports, which are very attractive for business travelers. The idea is to […]

After seven hours of discussion, Avianca Brazil was able to approve its judicial recovery plan in a heated assembly of creditors held this Friday in São Paulo. Of the total creditors, 77 percent voted in favor of Avianca’s proposal, which should now be approved by Judge Tiago Limongi of the first Court of Bankruptcy and […]

As part of a growing business model intended to attract more investments in aviation infrastructure, the Brazilian government concluded on Friday one more round of airport concessions. The more friendly rules for concessions attracted many foreign investors generating $630 million in revenue, almost 10 times more than expected. The unexpected result came as a sign […]

LATAM Airlines Group has requested authorization from the Administrative Council for Economic Defense (CADE) in Brazil to increase its stake in indirect shares of LATAM Airlines Brasil from 48.9 percent to 51 percent. Although a mere 2.1 percent increase, the move would give the group, based in Chile, a majority share in the Brazilian airline. […]

In a new development to recover the airline from bankruptcy protection, Avianca Brasil changed its president. Frederico Pedreira, who will be leaving the company replaced by Jorge Vianna, a former vice-president of the company. Pedreira worked for the company for eight years in different executive positions and was responsible for its network expansion to Miami, New […]

The year in Brazil started with a new government promising significant changes in the way the country does business, including fighting criminality, restructuring government spending and promoting liberalism. In addition to potentially reforming the country, those measures will probably affect the economy and consequently, the aviation industry. If the new president is successful in his […]

Brazilian President Jair Bolsonaro finally gave his approval for the purchase of  Embraer’s Commercial Aviation division by The Boeing Company in a deal valued at $4.2 billion. The announcement was made after the closing of stock markets in both Brazil and the United States on Monday. Although it does not have control of Embraer, the […]

After a series of events, Avianca Brazil, a subsidiary of Colombia’s Avianca and known in Brazil as former OceanAir, filed for the Brazilian equivalent of Chapter 11 bankruptcy on Dec. 10, 2018. The crises in the airline intensified after two aircraft leasing companies, BOC Aviation Limited and Constitution Aircraft Leasing, demanded in court the repossession […]

A federal judge in São Paulo acted in favor of a class action moved by Brazilian congressman Paulo Pimenta and Carlos Zaratini from the worker’s party (PT) halting temporarily the merger of aircraft manufacturers Boeing and Embraer. According to the judge, the sentence was necessary to wait until the new president and the renovated congress […]

China’s aviation industry continues to grow at a remarkable place, leading to Chinese airlines ordering vast quantities of aircraft in order to be able to meet the expected demand. The majority of these aircraft have been foreign-made aircraft made by Boeing or Airbus. As part of China’s growth plan moving forward, the country wants to […]