Chapter 11

iAero Airways, previously known as Swift Air, has filed for Chapter 11 bankruptcy protection, Aero Crew News reports. The company is among the largest Boeing 737 charter airlines in the United States. iAero Airways was established in 2019 when iAero acquired Swift Air. The company offers charters, ACMI leasing, and cargo flights on behalf of […]

LATAM Airlines Group informed through an Essential Fact filed with the Chilean Financial Market Commission (CMF) that, together with Professional Airline Services Inc. (a wholly owned subsidiary of LATAM), it priced an offering of US$450 million aggregate principal amount of senior secured notes due 2027 and US$700,000,000 aggregate principal amount of senior secured notes due […]

From April 1, LATAM Ecuador will start a new route between Quito, Ecuador and Bogotá, Colombia with a frequency of 5 weekly flights. This new route that will link the 2 South American capitals will operate on Mondays, Tuesdays, Wednesdays, Fridays and Sundays. LATAM Ecuador’s CEO, Mónica Fistrovic, guaranteed that this new route will stimulate […]

LATAM Airlines Group showed considerable progress in its operation in the 2022 fourth quarter. The 2021 was a challenging year for the carrier, since it has had to fight against new variants, infections, restrictions, and measures. Despite all the difficulties, the Chilean carrier has been able to overcome all the complications that have arisen and […]

In 2020, Aeroméxico voluntarily entered the Chapter 11 process for financial restructuring to be able to face the billionaire debt that reached up to $5 billion. The Mexican carrier has debts with banking institutions, airport groups, Mexican government entities and suppliers including Boeing. Aeroméxico saw the number of passengers drop by more than 90% as […]

LATAM Airlines Group and its subsidiaries in Brazil, Chile, Colombia, Ecuador, Peru and the U.S. announced the presentation of a reorganization plan, which outlines the group’s strategy to exit Chapter 11 bankruptcy in accordance with U.S. and Chilean legislation. In a press release, the Chilean carrier stated that the plan is complemented by a Restructuring […]

On June 30, 2020, Aeroméxico announced the beginning of a voluntary financial restructuring process under Chapter 11 of the legislation of the U.S., which has been carried out while continuing to operate as a going concern and offering services to its clients with the same quality that characterizes it. Despite this business decision, the Mexican […]

LATAM Airlines Group and some of its debtor subsidiaries in Brazil, Chile, Colombia, Ecuador, the U.S. and Peru released their five-year business plan along with various advances related to their exit financing process. LATAM projects, by 2024, a recovery of profitability to the levels of 2019 and an increase in operating income of 78% by […]

Avianca Holdings announced that it has received approval from the U.S. Bankruptcy Court for the Southern District of New York to access its Debtor-In-Possession (DIP) financing totaling just over $2 billion. “The approval of the DIP financing package is a significant milestone and an important step forward for Avianca. We would like to again thank […]

According to Financial Post, a U.S. judge has granted Mexican airline Aeroméxico the right to return at least 19 leased aircraft and 4 engines as part of its bankruptcy restructuring process, according to court documents published on Thursday. The aircraft that will be returned are five Boeing 737-800, five Boeing 737-700 and nine Embraer E-170-LR, […]