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 motions made by LATAM. According to La Tercera, the topics discussed in the court hearing were related to services, taxes and expenses, insurance, among others. Judge James L. Garrity authorized…
After a week of heated discussions in Argentina, LATAM Airlines Group has reiterated its decision to stop all operations of its Argentine branch LATAM Airlines Argentina as a "taken decision," as reported by local newspaper La Nación. The news comes after the local government met with the local management of…
After almost 3 months without any operations due to the COVID-19 pandemic, Avianca Ecuador resumed its domestic flights with 16 weekly frequencies between the cities of Quito, Guayaquil and Manta. According to the website ALNNEWS, the airline will resume its operations gradually, and in line with passenger demand for each…
Through a statement recorded on video today, Santiago Álvarez Matamoros, Latam Colombia CEO, announced that the carrier will temporarily suspend employment contracts until the carrier resumes operations. “Today is a very difficult day for me, as the leader of this company. After making all possible efforts and enduring expenses for…
Continuing its efforts to prepare for the post-pandemic world after its entry under Chapter 11 terms, LATAM Airlines Group has announced it is closing its branch in Argentina, LATAM Airlines Argentina. According to an official statement by the company, the ceasing will last indefinitely. Before the pandemic, LATAM Argentina (previously…
The arrival of the COVID-19 pandemic in Brazil brought demand for air travel down by a previously unimaginable amount. If during the first two months of the year airlines were experiencing a very healthy demand scenario with solid financial numbers, the month of March was disastrous. And it was only…
LATAM Airlines Group's recent Chapter 11 bankruptcy filing — precipitated by the need to restructure in the midst of the massive industry shock caused by COVID-19 — will likely affect the government bailout expected to go to its Brazilian branch, Reuters reported this Friday. According to the news agency, the bailout…
LATAM Airlines Group, the largest airline conglomerate in Latin America, announced it will lay off 1,400 workers from its branches in Chile, Colombia, Ecuador and Peru. The news was confirmed by the company on May 15, after Reuters released an internal video where LATAM CEO Roberto Alvo announced the measures…
In an already expected move, LATAM Airlines Group has officially set a date to leave the oneworld airline alliance: Oct. 1, 2020. Only months after having a 20 percent stake of the group sold to Delta Air Lines - a SkyTeam alliance member, the exit from the global alliance was…
Delta Air Lines has just announced it is buying a 20 percent stake of LATAM Airlines Group, the biggest group of carriers in Latin America, an acquisition which also brings a potentially unprecedented strategic alliance between two carriers from South America and the United States. The agreement will cost Delta…
