Tag: Latam Airlines Group

• Saturday, May 7th 2016 - 00:08 UTC

  A Temer government would allow full foreign control of Brazilian airlines

  

  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.

• Friday, April 22nd 2016 - 07:55 UTC

  Lan's CEO agrees to pay fine in the US to settle charges involving operations in Argentina

  

  Chile's LAN Airlines CEO will pay a US$75,000 fine to settle charges that he authorized improper payments to Argentina union officials to persuade them to ease their demands in a labor dispute, the U.S. Securities and Exchange Commission.

• Friday, April 22nd 2016 - 06:37 UTC

  Cueto group takes major loss because of Latam Airlines performance problems

  

  Latam Airlines Group, made up of Chilean and Brazilian investors, ended last year with losses of 219 million dollars. However during the same period the Cueto family investment group, identified as Costa Verde Aeronautica, CVA, suffered even higher losses, 414 million dollars, mostly because of the performance problem of the largest Latin American airline.

• Friday, August 7th 2015 - 05:55 UTC

  Lan and Tam consolidate under an only brand of Latam Airlines

  

  LATAM Airlines Group will consolidate all its carriers, including Lan Airlines and Tam Linhas Aéreas S.A., into a single brand over the next three years, the company announced Thursday. Since Lan and Tam merged in 2012, they've operated as separate brands, but the parent company's goal has been to provide a carrier that can provide seamless coverage to the entire South American continent.

• Monday, September 2nd 2013 - 02:29 UTC

  TAM and South African Airways sign codeshare agreement

  

  South African Airways (SAA) and Brazilian carrier TAM Airlines have signed a codeshare agreement to increase access to destinations in both countries for both leisure and business travellers.

• Saturday, August 31st 2013 - 01:50 UTC

  “Doors are open for Aerolíneas whenever they wish” Chile tells Argentina

  

  Chilean Foreign minister Alfredo Moreno said that flag carrier Aerolíneas Argentina can access the Chilean domestic market whenever they wish, discarding any impediments or veto to such an option.

• Friday, August 30th 2013 - 01:55 UTC

  Argentina formalizes reciprocity request for Aerolineas in Chile and Brazil air markets

  

  Argentine officials publicly stated on Thursday there was no intention of expelling any commercial airline from the country because Aerolineas Argentinas is working well, but called on Latam to help the Argentine flag carrier with reciprocity in Chile and Brazil.

• Thursday, August 29th 2013 - 02:56 UTC

  Argentine judge blocks hangar eviction of Lan from Buenos Aires air terminal

  

  An Argentine judge on Wednesday granted an injunction blocking the eviction of LAN Argentina, a unit of Chile-based LATAM Airlines Group, from its hangar at Buenos Aires Jorge Newbery Airport, which handles domestic and regional flights.

• Tuesday, August 27th 2013 - 02:19 UTC

  LAN appeals hangar eviction in Buenos Aires airport; unions pledge strike in support of Chilean carrier

  

  Lan Chile went to court in Argentina on Monday to appeal its eviction from a hangar at the metropolitan Buenos Aires Aeroparque airport, which is a crucial element of its national and regional operations. Several unions have anticipated that if the eviction is not stopped they will go on strike and interrupt domestic flights.

• Monday, May 20th 2013 - 05:00 UTC

  Lan privileged passengers but will review investments and expects ‘common sense’ from Argentine officials

  

  Lan Chile admitted the company had to yield to the demands from the Argentine company Intercargo, which monopolizes ground services in all the country’s air terminals, so that they could resume normal traffic in Argentina. It also said that it was not leaving Argentine but would review future investments and expects more common sense from local authorities.