LAN is forecasting growth in the second half of the year
June 30, 2009
Jorge Awad, president of the “model airline”, told Reuters last week: “In the second semester we are looking at growth in the cargo business, along with continued growth in the passenger traffic which we experienced through May”. The airline reported a drop of 17.4% in its cargo revenue in May, while passenger traffic grew 11.4%.
Mexico’s two legacy carriers respond to H1N1-related financial needs
June 30, 2009
Mexicana has asked the government for 1.5billion (US $113 million) to carry it through the cash squeeze that resulted from the recent swine flu outbreak. Mexicana’s CEO, Manuel Borja, said that the carrier requested the funds because it is having short-term liquidity problems. Aeromexico has secured 500 million pesos from its investors after a 50% drop in May load factor that was attributed to the outbreak. Plans are reportedly to use some of the cash to cover debt obligations.
GOL, Brazil’s “Intelligent Airline” looking at the Caribbean
June 30, 2009
In a major change to its plan, the “model airline” is waiting for authority to serve Aruba and the Dominican Republic from South America. It announced its plans to expand to the Caribbean as an alternative to its service within South America. Its load factor within the region in the first five months of 2009 was 50%, compared to its domestic average of close to 80%.
Spirit voted best airline by the International Business Council of Florida
June 30, 2009
Spirit was among a select group of finalists nominated by the IBCF’s strategic partners, including leading business organizations and chambers of commerce from throughout the state. The award, the “Florida Business Award”, was created to honor and generate public recognition of the achievements and positive contributions of Florida business. Spirit won hands down ahead of American, Delta, Southwest, United and others.
Mexico’s Carlos Slim to make an offer for Telecom Italia in Argentina
June 30, 2009
The Mexican owner of Telmex and America Movil, Carlos Slim, has joined several other interested parties in acquiring the Italian company’s Argentine affiliate. He is joining several groups, including Grupo Clarin and Corporacion America led by Eduardo Eurnekian.
Pluna announces service to Porto Alegre and an alliance with Aerolineas Argentinas
June 30, 2009
The new, four-time weekly nonstop between its hub in Montevideo and Porto Alegre, Brazil will begin on August 3. The carrier also announced an agreement with Aerolineas Argentinas which involves no need for endorsement of tickets to change from one airline to the other. It is not a formal code sharing but could be the beginning.
South African Airways expanding service to Buenos Aires
June 30, 2009
The South African airline is adding three weekly flights to its existing service between Lagos, Nigeria and Buenos Aires which will provide daily flights in the market. On four days the airline will operate B747-400s due to increased demand. It is also increasing Johannesburg-Buenos Aires from the current twice-weekly to three flights a week.
TAM expands partnership with SWISS
June 30, 2009
As of June 22, members of TAMs Fidelidade program will be able to accumulate and redeem points on SWISS, a member airline of the Star alliance, on flights to any destination served by the airline.
LAN continues its interest in creating a subsidiary in Brazil
June 30, 2009
The recent legislation allowing foreign investors to own 49% of airport operations is being taken as a first step to allow the same for foreign airlines. Jorge Awad, president of the Chilean “model airline”, has officially requested a meeting with Brazil’s president Lula when he visits Chile in September.
Aerolineas Argentinas fleet modernization plan update
June 30, 2009
The carrier expects to have at least 11 new B737-200s in its fleet by the end of 2009; one was recently delivered, another is expected before the end of June and nine more will be added during 2009. The government also confirmed that it will purchase 15-20 A330 and A340 aircraft. These aircraft will open opportunities on international routes and allow the carrier to take advantage of increasing tourism from the U.S. and Europe.
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