Tag: Avianca Brasil

• Friday, May 24th 2019 - 19:31 UTC

  Aviation authority grounds Avianca Brasil for safety

  

  All flights by Avianca Brasil, the fourth largest airline in the country, were grounded Friday by the National Civil Aviation Agency (ANAC) for safety reasons, it was announced.

• Monday, May 20th 2019 - 10:22 UTC

  Latam posts a US$ 60 million loss in the first quarter: weak Argentine and Brazilian currencies

  

  Chile’s LATAM Airlines, the largest airline in the region, posted a US$ 60 million loss in the first quarter, compared with a US$ 92 million profit in the same period last year, due to a strong U.S. dollar and weak demand from Argentina.

• Thursday, December 27th 2018 - 09:20 UTC

  Brazil opens 100% ownership of Brazilian airlines to foreign investors

  

  Outgoing President Michel Temer issued an executive order that allows foreign groups to own 100% of a Brazilian airline. Previously, non-Brazilians were limited to 20% of shares. The decision occurs in the midst of a bankruptcy proceeding filed by Avianca Brasil.