LATAM Airlines Group has requested authorization from the Administrative Council for Economic Defense (CADE) in Brazil to increase its stake in indirect shares of LATAM Airlines Brasil from 48.9 percent to 51 percent. Although a mere 2.1 percent increase, the move would give the group, based in Chile, a majority share in the Brazilian airline. The move comes a few months after former president of Brazil, Michel Temer, signed a decree allowing foreign investors to have 100 percent ownership of…
While many travelers in the United States are left at the mercy of airlines when it comes to irregular operations, the European Union has a series of passenger protections that entitle passengers on certain flights to compensation based on varying factors. European Commission Regulation 261 The regulation, known as the…
Norwegian Air Shuttle transported more than 2.9 million passengers across their route network in May, a year-over-year increase of 11 percent, also a small slowing of growth in comparison to April’s 15 percent growth. This factor was achieved through a load factor of 86.5 percent, virtually identical to April’s 86.6…
