Tag

LATAM Airlines this morning filed for Chapter 11 Bankruptcy in the US, though Quatar Airways & 2 South American Families have pledged almost $1 billion USD in support to preserve the airline & uninterrupted operations.

Proposals came from countries such as Colombia, Germany, the United States, Sweden, Canada, Mexico, South Africa, Chile, Brazil, Spain, Peru, Puerto Rico, Argentina, Venezuela, Ireland, Portugal, the United Kingdom, and China.

According to aviation publication Simple Flying, LATAM Airlines (NYSE:LTM, IPSA: LTM) has reduced its order for Airbus A350 XWB aircraft from 25 to 15.

In a new report, Fitch Ratings said that it expects a combined $202 million USD in debt due this year and owed by Avianca, Odebrecht and Digicel will not be repaid by the issuers.

With travel restrictions in place due to the Coronavirus COVID-19 pandemic, Copa Airlines issued a filing indicating that the company will reduce capacity by 80% but may shut down completely.

Sovereign and corporate issuers in Latin America will be adversely affected by slower Chinese demand and commodity price weakness caused by coronavirus due to high commodity export dependence and direct trade exposure to China, says Fitch Ratings.

Fashion brand Leonisa responds to Finance Colombia's allegations of "whites only" catalogs and featured models that exclude Latinos on its website.

The Cali, Colombia operations, brands and machinery of Pacific Fruits, one of the leading companies for packing and commercialization of agricultural products, especially the Hass variety of avocado has been acquired by Israeli investment vehicle Managro.

Growth in public debt burdens and fiscal deficits in many Latin American countries over the past decade will undermine the ability of governments to respond to shocks and a sharper than expected global slowdown in 2020, says Fitch Ratings. Weakening fiscal dynamics have been a...

Royal Road Minerals Limited (TSXV:RYR) has announced the appointment of Vernon “Vern” Arseneau as Executive Director and Chief Operations Officer of the Company. Vern is a founding Director of Royal Road Minerals having served on the company’s board since its inception in 2010....