investors

Florida businessman Vlad Galkin said he’s recommended that the board be reduced from 13 members to five as a cost-saving measure.

In September, LATAM Airlines Group offered more frequencies to domestic destinations in Chile, Brazil, Peru and Ecuador and restarted the domestic operation in Colombia. On international flights, the novelties were the routes from Sao Paulo to Montevideo, and Santiago to Montevideo, two weekly flights from Santiago to Los Angeles and New York respectively, an increase […]

Last week, domestic carrier Peruvian Airlines presumedly suspended operations following turbulent months of financial difficulties and discrepancies over tax values paid for two aircraft, which led to Peruvian authorities temporarily freezing the airline’s bank accounts. Last night, however, the airline announced it was able to secure funding after a group of investors bought the airline, […]