LATAM Airlines Group has announced a landmark agreement with Embraer for the acquisition of up to 74 Embraer E195-E2 aircraft, comprising 24 firm orders and 50 purchase options. The deal, valued at approximately US$2.1 billion for the firm aircraft at list prices, underscores LATAM’s commitment to strengthening its South American network and enhancing regional connectivity. Deliveries are scheduled to begin in the second half of…
Viva Air Peru, the low-cost carrier that ceased operations in February 2023, has been placed under ordinary bankruptcy proceedings, according to the competition regulator. This development formalizes the airline’s financial collapse, opening the way for creditors to seek repayment.
Sky Airlines Peru has received authorization to operate in Argentina, including fifth freedom rights that allow the airline to transport passengers and cargo between Argentina and other countries, such as Brazil, Chile, Peru, and Uruguay. This marks a significant milestone in the airline’s regional expansion strategy.
Turkish Airlines has revealed plans to expand its global network with the launch of new flights from Istanbul to Lima, Peru and Phnom Penh, Cambodia, expected to begin by June 2025. This route expansion is part of Turkish Airlines’ strategy to increase its presence in underserved regions and strengthen connectivity between Turkey and South America, as well as Southeast Asia. With these…
LATAM Airlines, the largest carrier in Latin America, has announced an extension of its suspension of flights between Lima and Caracas until March 30, 2025. The decision, initially put in place due to operational challenges, is now being extended because of ongoing uncertainty regarding the policies of the Venezuelan government. This move reflects LATAM’s cautious approach to navigating the…
