LATAM Airlines has announced an interest in refinancing its US$450 million 13.375% Senior Secured Bonds maturing in 2027, and its current US$1.1 billion term loan agreement. The debt was issued in October 2022 in connection with its exit from the reorganization proceedings under Chapter 11 of Title 11 of the United States Code.
Uruguayan Tourism Minister Tabaré Viera welcomed the return of budget carrier Sky Airlines to the country, connecting Montevideo's Carrasco International Airport with Santiago (Chile), Lima (Peru), Salvador, and Florianópolis (Brazil) with direct services, starting in 2024.
The Argentine Government's decision to strike the authorization once granted to LATAM Brasil to serve Mount Pleasant in the Malvinas/Falkland Islands from Córdoba has been made official since it was published Tuesday in the Official Gazette.
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.
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.
Travel resumed to Easter Island last week after COVID-19 restrictions. Last weekend, the second regular flight was performed, thus reopening one of the most iconic tourist routes after sanitary measures halted all commercial airline services.
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.
Following the announcement last month, concerning the relaxation of COVID-19 measures in the Falkland Islands, the government is now seeking to resume the airlink with Chile from 2 July 2022, provided that all necessary permissions are granted and mainland airports are open.
As part of the regular review process concerning Covid-19 measures affecting the Falkland Islands, the government is in regular dialogue with LATAM concerning the resumption of flights with South America, namely with Chile and Brazil.
LATAM Airlines is to resume services to the Uruguayan beach resort of Punta del Este, in addition to increasing its services between Montevideo and Santiago, it was announced.