LATAM launched on 5 October non-stop flights between Melbourne and Santiago. The route will offer the only direct connection between Melbourne and Latin America and see three flights per week on a Boeing 787-9.
Visitor expenditure in the Falklands increased from both land-based tourists and cruise passengers last season. With all the figures from Immigration now in, and the cruise and air surveys analysed, the Tourist Board has a good picture of how last season performed they told Penguin News.
President Michel Temer will propose legislation to lift restrictions on foreign ownership of airlines and agricultural land in Brazil as he strives to pull the economy out of a two-year recession, government sources said on Monday.
LATAM Airlines Group today announced it will operate a new, non-stop service between Santiago and Melbourne, Australia, from 5 October 2017. The westbound Santiago-Melbourne leg – measuring more than 11,000 km in distance with a flight time of approximately 15 hours – will become the longest non-stop flight in LATAM´s history.
Brazil's competition regulator Cade said on Monday that a deal between LATAM Airlines LAN.SN, British Airways and Iberia could have a negative impact on routes between Brazil and Europe. Chile-headquartered LATAM signed joint business agreements in January to deepen its ties with American Airlines Group and IAG's British Airways and Iberia, all members of the Oneworld Alliance.
Falkland Islanders has been warned that fresh produce may be in short supply for some time to come due to changes in the Chilean Customs' procedures. Stanley Growers owner Tim Miller said that a large order for fruit and vegetables was not shipped from Santiago last week, as Customs officials at Punta Arenas insisted for the first time that LATAM airline provide them, in advance, with exact weight and contents of the cargo.
The Amaro family from Brazil, one of the main controllers of LATAM Airlines, sold a 6.47% stake in the regional carrier on Friday on the Santiago stock exchange for some US$296 million, as part of a strategy to modify the company's ownership structure.
Latin America's largest airline, reported a wider-than-forecast net loss in the second quarter of US$92 million, as it struggles to overcome tough economic conditions in its key markets. The airline made a loss of US$50 million in the same period a year ago, a quarter that is traditionally weak for seasonal reasons.
The largest airline in Latin America, Latam, (Lan Chile and Braizl's TAM) announced it is suspending its flights to Venezuela because of the worsening economic situation. The suspension came a day after Germany's Lufthansa said it would suspend its services to the country.
A Brazilian government led by Vice-President Michel Temer would consider allowing foreign owners to acquire a controlling stake in local airlines, one of his closest aides revealed. Wellington Moreira Franco, a chief economic adviser for Temer and a former aviation minister, said relaxing the current limits on foreign ownership would help bolster competition in an industry suffering its worst crisis in decades.