LATAM Airlines Group S.A. (‘LATAM’) today presented the second tranche financing proposal to the Court of the Southern District of New York, as part of the Chapter 11 process. Tranche A amounts to US$1.3 billion that was committed by Oaktree Capital Management L.P. and its affiliates. This proposal must be reviewed and approved by the court in the coming days.
Falkland Islands lawmaker MLA Barry Elsby called for efforts to focus on keeping the country as Covid-19 free as possible. Speaking to Penguin News on Wednesday, MLA Elsby said that the Falklands’ isolation presents an opportunity to remain relatively Covid-19 free, adding that “as much should be done as possible” to maintain that state of affairs.
While the Atlantic Airbridge between the Falkland Islands and Brize Norton continues to service normally and is crucial for sending swab tests to labs in the UK, the two commercial flights to the Islands, one from Chile and the most recent from Brazil remain suspended.
LATAM Airlines Group and its affiliates announced today that they will temporarily suspend additional international services until April 30, 2020, due to travel restrictions put in place by national authorities and lower demand resulting from the COVID-19 (Coronavirus) pandemic.
People heading to Latin America with the LATAM group can now receive a coronavirus fare waiver on bookings until March 22 for travel to the end of 2020.
The British ambassador to Brazil, Vijay Rangarajan, this week said the second flight will bring the Falkland Islands closer to Brazil, describing it as a potential engine to help drive links between the two countries.
The elected government of the Falkland Islands announced that a new era has opened Islands with the inaugural Second Flight from São Paulo, Brazil, touching down this Wednesday afternoon at Mount Pleasant Airport.
Argentine federal judge Luis Rodriguez ratified on Tuesday the green light for Latam's flight, beginning this Wednesday, linking Sao Paulo in Brazil and Cordoba with the Falkland/Malvinas Islands, after throwing out a request to suspend the link.
The Argentine media has revealed some additional details about the coming weekly airlink between the Falkland Islands and the South American continent, scheduled to begin “sometime in the second half of November”.
Flight details of the new air link of the Falkland Islands with the South American continent, Sao Paulo in Brazil, were uploaded to the LATAM website on Wednesday. After a hiccup in the loading which suggested prices were in the £1000s the computerization was completed and a more attractive price was shown to be available.