Back

Brazil & Southern Cone - June 2020

Airlines try to fly out of trouble

The coronavirus (Covid-19) pandemic, and resultant quarantine measures and travel bans, has hit Latin America’s airlines particularly hard. This emerging crisis in Latin American air travel has been highlighted by three separate events taking place within the space of a month. On 28 April US aircraft company, Boeing, pulled out of a long-negotiated US$4.2bn deal to buy the civil aviation business of Brazilian aerospace manufacturer Embraer. Then, on 10 May, Colombia-based Avianca, Latin America’s second largest airline, filed for Chapter 11 bankruptcy in a US court. This was followed on 28 May by a similar filing from Latam Airlines Group, the largest Latin American passenger carrier.

End of preview - This article contains approximately 1297 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.