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…
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…
Avianca Holdings and some of its subsidiaries "voluntarily file[d]" for chapter 11 bankruptcy in the Bankruptcy Court of the Southern District of New York in the U.S., the airline announced on May 10. Avianca Holdings currently oversees a number of subsidiaries, the list of which includes Columbian airlines Avianca and…
Over the last week, governments across the world have been under increased pressure to repatriate their citizens back home as rising travel restrictions around the CODIV-19 global pandemic have been making travel hard for many citizens needing to find a way home. The South American country of Peru has made…
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…
The domestic Peruvian market has changed a lot in the last three years. Throughout this time span, the market has seen the exit of local operators such as LC Peru and Peruvian Airlines who operated using aging Boeing 737 aircraft domestically. Though they lacked transparency in their corporate image, both…
This week, Avianca, the oldest airline of the Americas and second oldest in the world, celebrates its 100th anniversary. However, in recent times, the airline has not much to commemorate. Its financial situation is very fragile, with not much cash remaining and a very complex debt situation. As its latest…
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…
After years of sustained growth serving domestic and regional destinations in South America, Chilean SKY Airline is confident to venture abroad. Having recently set up a base in neighboring Peru, the airline sees a huge growth potential in the country, where the average citizen takes 0.6 trips each year compared…
Norwegian announced it has been granted seven weekly frequencies between Spain and Peru by the Spanish General Civil Aviation Authority (DGAC) . If flights commence, the Oslo born carrier will become the fourth airline to operate flights between both countries. The Oslo-based carrier currently flies to Boston, Los Angeles and…
