05/07/2021 - LATAM Airlines goes environment conscious for the years to come
05/21/2021 - Last LATAM Argentina Airbus flies back home from Aeroparque which halts regional flights
05/28/2021 - Brazilian airline interested in taking over LATAM Brazil
06/17/2021 - Fears of Islamic State influence in East Congo, where thousands of UN Latam peace keeping forces are deployed
07/02/2021 - World Bank names new LatAm, Caribbean Chief Economist
07/05/2021 - US Judge extends Latam's bankruptcy protection restructuring plan to September 15
07/08/2021 - LATAM Brasil planning to sell nine Boeing 767-300
07/13/2021 - Latam expected to grow 5,2% this year but 2,9% in 2022: structural problems remain, ECLAC report
07/13/2021 - LATAM Airlines plans to be 46% operational by the end of July
07/26/2021 - Lacalle the best, Maduro the worst - says survey of how LatAm Presidents have handled the covid-19 pandemic
08/02/2021 - Argentina second worst Latam country in terms of foreign direct investment
08/24/2021 - LATAM denies any hostile attempt to take over its Brazil operations, as reported by Wall Street Journal
09/05/2021 - LATAM must reimburse boarding fees to travelers who did not fly
09/09/2021 - Latam will resume Santiago/Punta Arenas flights on November 2nd
09/30/2021 - LATAM obtains financing to reorganize the group and begin exiting bankruptcy
10/04/2021 - Three LatAm Presidents among scores of leaders and celebrities singled out by “Pandora Papers” research
10/07/2021 - Entire Mercosur out of Britain's travel red group, which is now focused solely on other LatAm nations
10/08/2021 - LATAM Group orders brand new aircraft to replace ageing units
10/15/2021 - LATAM Group requests an extension of the restructuring deadline to November 26
10/19/2021 - LATAM Airlines passengers affected by violence at Buenos Aires' Aeroparque
10/21/2021 - World Travel Awards for Argentina, Chile and Montevideo; Latam was named leading South America airline
10/28/2021 - Seven LatAm countries to be removed from UK's travel red list
11/04/2021 - Azul after all of LATAM Airlines
11/10/2021 - LATAM releases 3Q results: despite losses of US$ 692 million, business picking up and costs down
11/29/2021 - LATAM presents reorganization plan, rejects Brazilian group offer, and has to wait until January 27
11/29/2021 - Honduras about to have first woman president; LatAm takes turn to the left
11/29/2021 - Latam Airlines plunges at Santiago stock exchange
12/27/2021 - Latam applies for Sao Paulo/MPA flights to begin 9 February, Aeroin
01/10/2022 - Latam Airlines Colombia cancels 53 flights due to COVID-19
01/18/2022 - ILO forecasts somber future LatAm, Caribbean and southeast Asia
01/20/2022 - Latam Airlines drops 777s to the US out of fear of 5G interferences
02/04/2022 - Killing of human rights defenders and reporters on the rise in LatAm, AI says
02/25/2022 - Brazil's FM plans joint evacuation from Ukraine with other LatAm nations
03/29/2022 - IDB: Ukraine war should open windows for Brazil, Argentine and LatAm
03/30/2022 - LATAM resumes flights to Auckland and Sydney
04/16/2022 - Inflation in LatAm highest in 15 years, IMF says
05/10/2022 - LATAM restructuring plan to be tested 17 May in New York; junior creditors dissent
05/28/2022 - Buddies getting together not a Summit, LatAm leaders agree
06/08/2022 - War in Ukraine to increase LatAm poverty, ECLAC foresees
06/09/2022 - Venezuela can become port of entry into LatAm, Maduro tells Erdogan
06/21/2022 - Meetings between LatAm countries and OECD taking place in Brazil
06/24/2022 - European countries launch vax funding for LatAm developments
07/04/2022 - LATAM air link to Falklands from Chile normalized after 30 months
08/16/2022 - Uruguay's Lacalle gets highest approval ratings in LatAm
09/01/2022 - Boric hopes LatAm would not tolerate a coup in Brazil if Bolsonaro loses
09/20/2022 - Latam to double Santiago/Punta Arenas flights to cope with greater demand
09/23/2022 - Leveraged loan to help Latam airlines exit from bankruptcy
11/16/2022 - LATAM pilots' strike avoided at last minute; airline activity rapidly picking up
11/18/2022 - A Latam Airlines plane collided with a fire truck in Lima: two firefighters are death
12/09/2022 - LATAM domestic pilots threatening with strike beginning 31 December
01/30/2023 - LATAM's finances expected to recover in 2023 with passenger and cargo growth
05/05/2023 - Latam: no turning back on higher air fares to Punta Arenas, "ample competition"
05/25/2023 - LatAm's business index falls below average figures
LatAm's business index falls below average figures
Published: 05/25/2023 in MercoPress
Paraguay remained the Latin American country with the highest projected growth for the year 2023, according to a GetÃºlio Vargas Foundation (FGV) study that also showed that the region has hit its poorest business climate in the last nine months, it was reported. Argentina is at the bottom of the list.
Latam: no turning back on higher air fares to Punta Arenas, "ample competition"
Published: 05/05/2023 in MercoPress
Chile's National Economic Prosecution threw out a request to begin an investigation into the hike of air travel to Punta Arenas, decided by Latam Airlines. "It is highly unlikely to verify a conduct of excessive prices taking into account the many verification standards of such an incompetitiveness crime", points out the resolution.
LATAM's finances expected to recover in 2023 with passenger and cargo growth
Published: 01/30/2023 in MercoPress
South America's largest carrier, LATAM expects double digit revenue growth this year, according to a company guidance to stock markets. The Chile-based airline's revenues are expected to reach between US$ 11 billion and US$ 11.5 billion by the end of this year, compared to US$ 9.5 billion estimated for 2022, which if achieved would mark an increase of nearly 16% to 21%.
LATAM domestic pilots threatening with strike beginning 31 December
Published: 12/09/2022 in MercoPress
LATAM airlines domestic pilots are threatening with industrial action unless their pre-pandemic contract conditions are re-established. The fifty air professionals this week announced an "non-yielding" position since as happened with other Latam unions and officials, they are intent in recovering pre-pandemic benefits.
A Latam Airlines plane collided with a fire truck in Lima: two firefighters are death
Published: 11/18/2022 in MercoPress
A Latam Airlines plane collided with a fire truck while taking off from one of the runways of Jorge Chávez Airport in Lima, Peru. Two firefighters, who were in the car, died as a result of the impact, local media reported.
LATAM pilots' strike avoided at last minute; airline activity rapidly picking up
Published: 11/16/2022 in MercoPress
Minutes before deadline officials from the Chilean/Brazilian carrier Latam and the Pilots Union reached over the weekend an agreement which deactivated what seemed an unavoidable strike. The reason for the strike dates back to 2020, when Latam fired 240 pilots and cut the remaining professionals salaries by 30%.
Leveraged loan to help Latam airlines exit from bankruptcy
Published: 09/23/2022 in MercoPress
Fresh air for highly indebted Latam, probably still the largest Latin American air carrier. In effect, a group of banks led by Goldman Sachs Group Inc. has launched a leveraged loan sale that will support Latam Airlines Group SA’s exit from bankruptcy.
Latam to double Santiago/Punta Arenas flights to cope with greater demand
Published: 09/20/2022 in MercoPress
Latam should be almost doubling the number of flights between Santiago and Punta Arenas in coming weeks, according to the company following a meeting with local and central Chile authorities, complaining about insufficient seats and increasing ticket rates.
Boric hopes LatAm would not tolerate a coup in Brazil if Bolsonaro loses
Published: 09/01/2022 in MercoPress
Chilean President Gabriel Boric Font Thursday said he hoped Latin America would stage a "joint reaction" if a coup d'état takes place in next month's presidential elections in Brazil.
Uruguay's Lacalle gets highest approval ratings in LatAm
Published: 08/16/2022 in MercoPress
Uruguayan President Luis Lacalle Pou tops the list of most-approved Latin American heads of state, according to an Ipsos survey released Monday.
LATAM air link to Falklands from Chile normalized after 30 months
Published: 07/04/2022 in MercoPress
The commercial air link between Punta Arenas, southern Chile, and the Falkland Islands resumed last Saturday after an absence of more than two years because of the Covid 19 pandemic.
European countries launch vax funding for LatAm developments
Published: 06/24/2022 in MercoPress
European Commission President Ursula von der Leyen Thursday said that around US$ 940 million will be invested in the production of vaccines and medicines in Latin American and Caribbean countries.
Meetings between LatAm countries and OECD taking place in Brazil
Published: 06/21/2022 in MercoPress
Brazil is hosting meetings between Latin American and Organization for Economic Cooperation and Development (OECD) countries, during which economic policies, education, and productivity matters are to be discussed.
Venezuela can become port of entry into LatAm, Maduro tells Erdogan
Published: 06/09/2022 in MercoPress
Venezuelan leader Nicolás Maduro Wednesday offered Turkish President Recep Tayyip Erdogan to turn Venezuela into a port of entry into Latin America.
War in Ukraine to increase LatAm poverty, ECLAC foresees
Published: 06/08/2022 in MercoPress
Poverty in Latin America will grow to 33.7% and extreme poverty to 14.9% this year as a direct consequence of the war between Russia and Ukraine, the Economic Commission for Latin America and the Caribbean (ECLAC) has warned.
Buddies getting together not a Summit, LatAm leaders agree
Published: 05/28/2022 in MercoPress
Bolivian President Luis Arce Catacora said Friday in Havana that buddies getting together was hardly a Summit, in reference to the US Government's decision not to invite Venezuela, Nicaragua, and Cuba to the regional gathering of heads of state next month in Los Angeles.
LATAM restructuring plan to be tested 17 May in New York; junior creditors dissent
Published: 05/10/2022 in MercoPress
LATAM Airlines, which filed for bankruptcy in the United States in 2020 after being hit by the coronavirus-related travel downturn, said around 65% of its low-ranking creditors had backed the restructuring plan, which it said was "fair and considered all stakeholders."
Inflation in LatAm highest in 15 years, IMF says
Published: 04/16/2022 in MercoPress
According to the International Monetary Fund (IMF), inflation in Latin America's leading economies has reached its highest levels in 15 years. The finance agency Friday reported that these results were the consequence of the “impact on the pandemic and the war between Russia and Ukraine.”
LATAM resumes flights to Auckland and Sydney
Published: 03/30/2022 in MercoPress
LATAM Airlines has resumed services to Auckland and Sydney following a 24-month interruption due to the COVID-19 pandemic. The Chilean carrier serves the route from Santiago's Arturo Merino Benítez international airport using Boeing 787-900 aircraft three times a week.
IDB: Ukraine war should open windows for Brazil, Argentine and LatAm
Published: 03/29/2022 in MercoPress
The Inter-American Development Bank (IDB) said Monday that Russia's invasion of Ukraine and the threat it poses to food security may be an opportunity for large Latin American exporters, such as Argentina and Brazil due to the disruption in the global supply chains.
Brazil's FM plans joint evacuation from Ukraine with other LatAm nations
Published: 02/25/2022 in MercoPress
Brazilian authorities are planning to carry out a joint evacuation operation with other South American countries to rescue nationals of their countries who wish to flee war-torn Ukraine, it was reported Thursday.
Killing of human rights defenders and reporters on the rise in LatAm, AI says
Published: 02/04/2022 in MercoPress
Amnesty International (AI) has released a report this week regarding the killing of several human rights defenders and many journalists in the region during the first month of the year 2022.
Latam Airlines drops 777s to the US out of fear of 5G interferences
Published: 01/20/2022 in MercoPress
Latam Airlines has agreed to follow Boeing's advice and not use the 777 models for its services between Brazil and the United States to avoid problems stemming from 5G cell phone antennas which may interfere with navigation gear.
ILO forecasts somber future LatAm, Caribbean and southeast Asia
Published: 01/18/2022 in MercoPress
The International Labor Organization (ILO) Monday said the most encouraging signs of economic recovery were noticeable in North America and Europe, while the most negative prospects were registered in Southeast Asia, Latin America, and the Caribbean.
Latam Airlines Colombia cancels 53 flights due to COVID-19
Published: 01/10/2022 in MercoPress
With 18% of its crews on sick leave due to COVID-19, Latam Airlines Colombia has been forced to cancel some 53 domestic flights between Jan. 8 and 16. Most of the cases were said to be of the Omicron variant.
Latam applies for Sao Paulo/MPA flights to begin 9 February, Aeroin
Published: 12/27/2021 in MercoPress
LATAM Airlines has submitted to Brazil's National Civilian Aviation Agency its flight schedule for the Sao Paulo/Falkland Islands commercial air link resumption, allegedly scheduled for next 9 February, according to Brazilian air industry site, Aeroin.
Latam Airlines plunges at Santiago stock exchange
Published: 11/29/2021 in MercoPress
Latam Airlines stock plunges over 80% at the Santiago market after a reshaping plan was announced, one which evaporated the value of current shares. The proposal is yet to be voted on by creditors between January and February 2022.
Honduras about to have first woman president; LatAm takes turn to the left
Published: 11/29/2021 in MercoPress
Chavist candidate Xiomara Castro seemed on track Monday morning to become the first female president of Honduras after 38.94% of the votes had been counted. Castro, a former first lady whose husband Manuel Zelaya was ousted by a coup in 2009, had obtained 53.44% of the votes, according to the National Electoral Council (CNE), after Sunday's elections.
LATAM presents reorganization plan, rejects Brazilian group offer, and has to wait until January 27
Published: 11/29/2021 in MercoPress
LATAM Airlines Group said on Friday it had filed a reorganization plan, proposing a US$8.2 billion injection of capital in a bid to exit its Chapter 11 bankruptcy process, and at the same time announced it had rejected the Brazilian airline Azul acquisition proposal as “incomplete” and “insufficient”.
LATAM releases 3Q results: despite losses of US$ 692 million, business picking up and costs down
Published: 11/10/2021 in MercoPress
LATAM reported on Tuesday that during the third quarter of this year it registered a net loss of US$ 691.9 million, due to the costs of maintenance and the expenses of the restructuring carried out by the pandemic.
Azul after all of LATAM Airlines
Published: 11/04/2021 in MercoPress
The Brazilian airline Azul has confirmed it plans to buy over all of LATAM Airlines' operations, not only the Brazilian branch as reports showed earlier this week. Azul was founded in 2013 by Brazil-born David Neeleman, who also owns low-cost carrier JetBlue.
Seven LatAm countries to be removed from UK's travel red list
Published: 10/28/2021 in MercoPress
The United Kingdom's Departments for Transport and of Health and Social Care Thursday issued a joint press release announcing that the seven countries still on the travel red list, all of them from Latin America, would be removed from it shortly.
World Travel Awards for Argentina, Chile and Montevideo; Latam was named leading South America airline
Published: 10/21/2021 in MercoPress
Chile, Argentina and the City of Montevideo have been distinguished in the 2021 annual World Travel Awards of Latin America. Argentina claimed ‘South America’s Leading Destination’. Chile, with its dazzling array of natural wonders, was again voted ‘South America’s Leading Adventure Tourism Destination’.
LATAM Airlines passengers affected by violence at Buenos Aires' Aeroparque
Published: 10/19/2021 in MercoPress
A protest by laid-off LATAM Airlines workers at Buenos Aires' metropolitan Aeroparque Jorge Newbery ended up in fistfights, beatings, chases, arrests, and struggles with the police.
LATAM Group requests an extension of the restructuring deadline to November 26
Published: 10/15/2021 in MercoPress
Latam this week requested the US Bankruptcy Court for the Southern District of New York an extension of the deadline to lodge its restructuring plan until 26 November. The request "supports the continuity of the advances in negotiations with the different parts interested in the Chapter 11 process" argued the Chilean group in its presentation.
LATAM Group orders brand new aircraft to replace ageing units
Published: 10/08/2021 in MercoPress
South America's LATAM Airlines Group has placed orders for 70 new short-haul Airbus A 320 aircraft to replace its currently ageing units of the same model, it was announced earlier this week.
Entire Mercosur out of Britain's travel red group, which is now focused solely on other LatAm nations
Published: 10/07/2021 in MercoPress
The United Kingdom has removed 47 destinations from its travel red list, which has been narrowed down to just seven nations, all of them within Latin America and four from South America, it was announced Thursday.
Three LatAm Presidents among scores of leaders and celebrities singled out by “Pandora Papers” research
Published: 10/04/2021 in MercoPress
Current Presidents Sebastián Piñera of Chile, Guillermo Lasso of Ecuador and Luis Abinader of the Dominican Republic were listed on the so-called “Pandora Papers” among the world leaders and celebrities who have money saved in tax havens, according to the International Consortium of Investigative Journalists (ICIJ, for its acronym in English).
LATAM obtains financing to reorganize the group and begin exiting bankruptcy
Published: 09/30/2021 in MercoPress
On Wednesday, LATAM airlines announced it had obtained committed financing of US$ 750 million as part of the Chapter 11 proceedings, allowing the company to improve its financing conditions and to start exiting the bankruptcy process
Latam will resume Santiago/Punta Arenas flights on November 2nd
Published: 09/09/2021 in MercoPress
LATAM and Jetsmar will be resuming their flights to Punta Arenas from Santiago on November 2 and 4 respectively. The announcement by Magallanes Region officials followed the arrival of Sky airlines to Puerto Natales and the confirmation of two weekly flights, Tuesday and Thursdays until the end of the year.
LATAM must reimburse boarding fees to travelers who did not fly
Published: 09/05/2021 in MercoPress
LATAM will have to reimburse boarding fees to all those consumers who purchased air tickets and for different reasons were unable to travel. The decision is a Collective Voluntary Procedure from the Chilean National Consumer Service, Sernac and is estimated to benefit some 400,000 consumers involving some 600 million dollars.
LATAM denies any hostile attempt to take over its Brazil operations, as reported by Wall Street Journal
Published: 08/24/2021 in MercoPress
LATAM Airlines strongly denied on Monday it has intentions of getting rid of its operations in Brazil, given the interest of its main competitor Azul airlines, as was reported by the Wall Street Journal indicating that there were ongoing conversations with Latam creditors to purchase its Brazilian affiliate.
Argentina second worst Latam country in terms of foreign direct investment
Published: 08/02/2021 in MercoPress
Argentina's poor performance in the 21st century when it comes down to direct foreign investment is only surpassed by that of Venezuela; it was reported Sunday by Infobae.
Lacalle the best, Maduro the worst - says survey of how LatAm Presidents have handled the covid-19 pandemic
Published: 07/26/2021 in MercoPress
Uruguayan President Luis Alberto Lacalle Pou was Latin America's best president when it came down to handling the coronavirus pandemic, a study by the international consulting firm Ipsos released over the weekend has shown.
LATAM Airlines plans to be 46% operational by the end of July
Published: 07/13/2021 in MercoPress
The Latam Airlines Group Monday forecast that by the end of July 2021 it would be carrying 46% of the total number of passengers in pre-pandemic times.
Latam expected to grow 5,2% this year but 2,9% in 2022: structural problems remain, ECLAC report
Published: 07/13/2021 in MercoPress
The Economic Commission for Latin America and the Caribbean (ECLAC) raised its average growth estimate for the region in 2021 to 5.2%, reflecting a rebound from the deep contraction of 6.8% registered in 2020 as a consequence of the adverse effects of the COVID-19 pandemic.
LATAM Brasil planning to sell nine Boeing 767-300
Published: 07/08/2021 in MercoPress
The LATAM Group has applied to the US courts for authorization to sell nine Boeing 767-300 jets to the company JeTran. All aircraft are part of the Brazilian division of the airline, part of them stored due to the reduction of the flight network.
US Judge extends Latam's bankruptcy protection restructuring plan to September 15
Published: 07/05/2021 in MercoPress
The Latam group airlines group reported that the Federal Court from the southern district of New York approved the extension of its restructuring plan to September 15, as part of the bankruptcy protection process initiated last year.
World Bank names new LatAm, Caribbean Chief Economist
Published: 07/02/2021 in MercoPress
The Washington DC headquarters of the World Bank Thursday announced William Maloney has been appointed as of July 1 as its new Chief Economist for the Latin America and the Caribbean (LAC) Region.
Fears of Islamic State influence in East Congo, where thousands of UN Latam peace keeping forces are deployed
Published: 06/17/2021 in MercoPress
United Nations experts said on Wednesday they had been unable to find evidence of direct support by the Islamic State for an Islamist militia in eastern Congo. Several Latin American countries have deployed under command of UN, peace-keeping forces, among which Brazil, Paraguay, Bolivia, Guatemala and Uruguay, with more than a thousand personnel.
Brazilian airline interested in taking over LATAM Brazil
Published: 05/28/2021 in MercoPress
After reporting the cancellation of the code share with LATAM Brazil, and announcing that it was looking for «consolidation opportunities» in the market, air industry sources indicate that Azul Linhas Aéreas is considering making an offer to LATAM Airlines for the Brazilian subsidiary.
Last LATAM Argentina Airbus flies back home from Aeroparque which halts regional flights
Published: 05/21/2021 in MercoPress
Operation of regional flights at the Autonomous City of Buenos Aires (CABA)'s only airfield commonly known as Aeroparque Jorge Newbery Airport (AEP/SABE), which reopened recently following renovations, have been shifted to the Ezeiza Ministro Pistarini international airport (technically in the Province of Buenos Aires) due to lack of proper coronavirus detecting facilities.
LATAM Airlines goes environment conscious for the years to come
Published: 05/07/2021 in MercoPress
LATAM Airlines Group has launched Wednesday in Santiago, Chile, an environmentally conscious plan for the coming years named LATAM Group Sustainability Strategy, to offset 50% of emissions from its domestic operations by 2030.
LATAM to resume Falkland Island routes Oct. 1, Covid-19 permitting
Published: 04/21/2021 in MercoPress
Further to the announcement made on 1 February, the Falkland Islands Government can confirm that commercial air links with both Chile and Brazil will remain suspended until 1 October 2021.