The Current State of the Aviation Industry in Central and…

Aviation in Latin America has been seriously affected by the COVID-19 pandemic. The three main airlines in the region: LATAM, Avianca and Aeroméxico, have declared bankruptcy and filed for the Chapter 11 process in the U.S. Latin American governments have not given enough help to the aviation industry. In this…

SKY Airlines Plans to Issue $100 Million In Bonds, Go…

SKY, the Chilean airline owned by businessman Jürgen Paulmann, will look to the capital markets for an injection of resources that will allow the carrier to continue flying. For this, SKY Airlines plans to launch the issuance of bonds for up to $100 million. According to diariofinanciero, the airline has…

Miami Most Popular International Route from Chile

In September, 31,851 people were transported on international flights in Chile, mainly to the U.S. The total is 47.9% higher than in August, although it is still at historic lows as a result of the COVID-19 pandemic. In relation to the same month of last year it represents a fall…

JetSMART Confirms Ultra-Low-Cost Cargo Operations

During the pandemic, JetSMART has operated uninterruptedly and according to the latest report from the Civil Aeronautical Board, they reached a market share of 28.4% during the month of June, which represents the transportation of 31,810 passengers. The rest of the market is completed by LATAM with a 45.7% share,…

Chilean Flight Restrictions May End After September

On July 24, the International Air Transport Association (IATA) organized a web conference titled “Chile: Listos para Despegar." One of the participants was Chilean Minister of Transport and Telecommunications Gloria Hutt, who stated that she believes it's possible that flight operations restrictions may be revoked before September. According to Hutt,…

LATAM Group Requests Return of 65 Aircraft to Its Lessors…

This week saw the second court hearing take place regarding the debt restructuring process under the protection of Chapter 11 of the United States Bankruptcy Law filed by LATAM Airlines Group. Judge James L. Garrity, from the Bankruptcy Court for the Southern District of New York agreed to the 25…

With Future Charter Demand Served by Major Carriers, Chile’s One…

The economic effects of the COVID-19 pandemic have made its first airline casualty in Chile and the second in South America. One Airlines has announced the end of its operations. The company was a charter operator based in Santiago, mostly serving the mining companies in the northern part of the…

LATAM Makes Significant Route Adjustments Across Multiple Countries

South American carrier LATAM has suspended ticket sales on 23 routes across its network, including several domestic routes within Chile and international routes from Brazil, Chile and Peru. At the same time, the Santiago-headquartered carrier has made the bold move to suspend international destinations from five Argentinean destinations to the…

South American SKY Airline Temporarily Suspends Operations

Chile born SKY Airline has announced it will be temporarily suspending operations from March 25 to April 30 due to a significant slump in demand as governments throughout the region implement travel restrictions to slow COVID-19s contagion curve and passengers suspend short term travel. The news was first reported by…