On June 30, 2020, Aeroméxico announced the beginning of a voluntary financial restructuring process under Chapter 11 of the legislation of the U.S., which has been carried out while continuing to operate as a going concern and offering services to its clients with the same quality that characterizes it. Despite this business decision, the Mexican flag carrier has known how to strengthen its financial position, as well as protect and preserve its operations and assets, as well as implement the…
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…
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…
In a statement released this morning, IAG Group, the holding company that controls British Airways and Iberia, among other companies, confirmed that it took a major step towards the acquisition of Norwegian Air Shuttle. The statement indicates that the company bought an ownership position of 4.61 percent, which allows IAG…
