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Cubsrule
Posts: 14577
Joined: Sat May 15, 2004 12:13 pm

Re: Updated: LATAM files for Bankruptcy

Thu Jun 25, 2020 12:59 pm

dcajet wrote:
Cubsrule wrote:
dcajet wrote:

Re: MDZ, yes. at least temporarily. Interesting, now I can understand why SKY Airline said yesterday they have no plans to reduce or drop services to Argentina. They will have a monopoly on the route now.

Can't speak to Chile.


It'll be interesting to see how that shakes out for H2. For the O&D passenger, SCL-MDZ is an easy (and scenic) bus ride; flying probably only saves most passengers a couple of hours at most. So it seems like the advantage LA should have had on the route was their powerful hub at SCL.


The bus trip can be a bit problematic in the winter time when huge snow storms close down the Andes passes between Argentina and Chile; additionally there is the inconvenience of 2 immigration and customs checks at the border, so a 300 km ride can end up taking its sweet time. Sometimes the waiting time at the border can take hours, particularly if Argentinians descend "en masse" for weekend shopping trips in Santiago. Definitely the plane saves travelers precious time on this route - it is like a 30 minute flight.


Fair points, though the trip to SCL is no fun from most parts of Santiago that account for significant air travel demand, and immigration at SCL can be a mess (especially outbound).

I’m just not sure H2 can attract the type of passenger who will pay for a flight to save a few hours.
I can't decide whether I miss the tulip or the bowling shoe more
 
dcajet
Posts: 4708
Joined: Sun Aug 01, 2004 9:31 am

Re: Updated: LATAM files for Bankruptcy

Thu Jun 25, 2020 3:44 pm

Cubsrule wrote:
dcajet wrote:
Cubsrule wrote:

It'll be interesting to see how that shakes out for H2. For the O&D passenger, SCL-MDZ is an easy (and scenic) bus ride; flying probably only saves most passengers a couple of hours at most. So it seems like the advantage LA should have had on the route was their powerful hub at SCL.


The bus trip can be a bit problematic in the winter time when huge snow storms close down the Andes passes between Argentina and Chile; additionally there is the inconvenience of 2 immigration and customs checks at the border, so a 300 km ride can end up taking its sweet time. Sometimes the waiting time at the border can take hours, particularly if Argentinians descend "en masse" for weekend shopping trips in Santiago. Definitely the plane saves travelers precious time on this route - it is like a 30 minute flight.


Fair points, though the trip to SCL is no fun from most parts of Santiago that account for significant air travel demand, and immigration at SCL can be a mess (especially outbound).

I’m just not sure H2 can attract the type of passenger who will pay for a flight to save a few hours.


We'll see how events unfold; I have the feeling we have not seen the whole of it yet. I believe that for the P2P customer between MDZ and SCL, SKY Airline will do just fine. Connecting customers from MDZ to most of the Americas will do fine with COPA; GOL will connect with GRU and there is always EZE for other worldwide connections.

COPA should be the big winner out of these Argentinian cities - they serve them all except Tucuman and they have already confirmed they are returning to all of them: COR & ROS on a first phase in September and then MDZ & SLA on a second phase in November.
Keep calm and wash your hands.
 
LHLX
Posts: 155
Joined: Wed Nov 30, 2011 6:25 am

Re: Updated: LATAM files for Bankruptcy

Thu Jun 25, 2020 3:48 pm

Any ideas of what will happen to LATAM's SCL-GRU-TLV-GRU-SCL route?
Of course for now foreigners are not yet allowed into Israel but if this, and of course the Covid-19 situation in Israel and Latin American improves, could this route be restarted/continued?

Before Covid-10 the route was operated 3x weekly with 788 but according to travel agency news network here in Israel the route was doing v good and they were seeking to increase it to 5x weekly or more.

When I flew that route in April 2019, more than 90% of passengers that boarded the flight in TLV disembarked or changed planes at GRU. There were, according to the crew, many passengers from GRU continuing as new passengers to SCL. The majority of pax from TLV continued to EZE, Cordoba, Rio, Montevideo or simply ended their trip in GRU.
On the flight back it was the same, with almost no passengers on the GRU-TLV leg originating in SCL.

If LATAM Chile won't reinstate these flights - could LATAM Brasil operate the route as GRU-TLV-GRU?
 
dcajet
Posts: 4708
Joined: Sun Aug 01, 2004 9:31 am

Re: Updated: LATAM files for Bankruptcy

Thu Jun 25, 2020 4:41 pm

LHLX wrote:
Any ideas of what will happen to LATAM's SCL-GRU-TLV-GRU-SCL route?
Of course for now foreigners are not yet allowed into Israel but if this, and of course the Covid-19 situation in Israel and Latin American improves, could this route be restarted/continued?

Before Covid-10 the route was operated 3x weekly with 788 but according to travel agency news network here in Israel the route was doing v good and they were seeking to increase it to 5x weekly or more.

When I flew that route in April 2019, more than 90% of passengers that boarded the flight in TLV disembarked or changed planes at GRU. There were, according to the crew, many passengers from GRU continuing as new passengers to SCL. The majority of pax from TLV continued to EZE, Cordoba, Rio, Montevideo or simply ended their trip in GRU.
On the flight back it was the same, with almost no passengers on the GRU-TLV leg originating in SCL.

If LATAM Chile won't reinstate these flights - could LATAM Brasil operate the route as GRU-TLV-GRU?


Too early to know, both on account of travel restrictions and LATAM's own bankruptcy. Airlines are still scrambling to finalize schedules for the next 60 days.

LATAM Brazil does not have the right equipment for this route; only LATAM Chile does. Both the A359 and the B77W are too big for this route.
Keep calm and wash your hands.
 
dcajet
Posts: 4708
Joined: Sun Aug 01, 2004 9:31 am

Re: Updated: LATAM files for Bankruptcy

Thu Jun 25, 2020 5:12 pm

dcajet wrote:

Too early to know, both on account of travel restrictions and LATAM's own bankruptcy. Airlines are still scrambling to finalize schedules for the next 60 days.


LATAM Brazil has finalized its July schedule. Adds flights to Montevideo, Mount Pleasant, Lisbon & Mexico City. OTH, Miami has been removed from the schedule.
Keep calm and wash your hands.
 
dcajet
Posts: 4708
Joined: Sun Aug 01, 2004 9:31 am

Re: Updated: LATAM files for Bankruptcy

Fri Jun 26, 2020 12:10 am

dcajet wrote:
dcajet wrote:

Too early to know, both on account of travel restrictions and LATAM's own bankruptcy. Airlines are still scrambling to finalize schedules for the next 60 days.


LATAM Brazil has finalized its July schedule. Adds flights to Montevideo, Mount Pleasant, Lisbon & Mexico City. OTH, Miami has been removed from the schedule.


Link to the July schedules

https://s.latamstatic.com/content/dam/e ... eINTER.pdf
Keep calm and wash your hands.
 
Derico
Posts: 4419
Joined: Mon Dec 20, 1999 9:14 am

Re: Updated: LATAM files for Bankruptcy

Fri Jun 26, 2020 1:52 am

It's going to be very hard to see flights returning to secondary cities in Argentina from overseas, given the situation with COVID-19 in the region and beyond. Unlike what the media is incorrectly reporting, the virus is not out of control in Argentina, quite the opposite. The only area with widespread contagion is Buenos Aires, which is a metro area of 16 million people so like New York City in the US it should not come as a surprise it is more vulnerable than other areas. Even in Buenos Aires it is restricted to a few problematic suburbs with poorer conditions, and 2000 cases a day is actually still low reproductive rate given the stage of the epidemic. But cities like Cordoba and Mendoza the virus is well under control in the same manner as Uruguay for example. WIth only 149 cases in Mendoza and the bulk of those early on from imported cases. Mendoza's government in fact was the first to press for a total closure of MDZ (even to domestic flights). There is no win situation here because you don't want to be Europe, Brazil, or USA with a widespread pandemic, but being New Zealand is also not a good outcome... isolated for years? Not possible.
My internet was not shut down, the internet has shut me down
 
dcajet
Posts: 4708
Joined: Sun Aug 01, 2004 9:31 am

Re: Updated: LATAM files for Bankruptcy

Fri Jun 26, 2020 4:13 am

In addition to all the cancellations noted above, LATAM Paraguay will be suspending the key Asuncion ASU - Buenos Aires EZE route. In its place, it will code share with Paranair on the route. It will also suspen the recently opened Brasilia BSB - Asuncion ASU. Pretty much this leaves AR with the monopoly over the Paraguay - Argentina market, as Paranair operates with 50-seat Canadair jets.

https://aeronauticapy.com/2020/06/25/la ... anceladas/
Keep calm and wash your hands.
 
solracfunk14
Posts: 83
Joined: Wed Jun 04, 2008 12:10 am

Re: Updated: LATAM files for Bankruptcy

Sat Jun 27, 2020 6:43 pm

dcajet wrote:
LHLX wrote:
Any ideas of what will happen to LATAM's SCL-GRU-TLV-GRU-SCL route?
Of course for now foreigners are not yet allowed into Israel but if this, and of course the Covid-19 situation in Israel and Latin American improves, could this route be restarted/continued?

Before Covid-10 the route was operated 3x weekly with 788 but according to travel agency news network here in Israel the route was doing v good and they were seeking to increase it to 5x weekly or more.

When I flew that route in April 2019, more than 90% of passengers that boarded the flight in TLV disembarked or changed planes at GRU. There were, according to the crew, many passengers from GRU continuing as new passengers to SCL. The majority of pax from TLV continued to EZE, Cordoba, Rio, Montevideo or simply ended their trip in GRU.
On the flight back it was the same, with almost no passengers on the GRU-TLV leg originating in SCL.

If LATAM Chile won't reinstate these flights - could LATAM Brasil operate the route as GRU-TLV-GRU?


Too early to know, both on account of travel restrictions and LATAM's own bankruptcy. Airlines are still scrambling to finalize schedules for the next 60 days.

LATAM Brazil does not have the right equipment for this route; only LATAM Chile does. Both the A359 and the B77W are too big for this route.


Actually it's not about aircraft, it's about brazilian regulations: brazilian crew can fly more than 14 hours straight. That's why the Chilean do the job.
 
LHLX
Posts: 155
Joined: Wed Nov 30, 2011 6:25 am

Re: Updated: LATAM files for Bankruptcy

Tue Jun 30, 2020 2:00 pm

Just a month before the SCL-GRU-TLV route was stopped due to Covid-19, LATAM got permission to overfly Sudan en route to TLV, thus avoiding the longer route via Spain and the Mediterranean. So the route TLV-GRU that used to be blocked at 15:15 hours now was 14:00 hours. On the flight GRU-TLV it remained at 13:30...
So maybe the Brazilian LATAM could do it, but again they only have 350s and 77Ws... and these might be a bit too big for the route...
 
bkmbr
Posts: 267
Joined: Fri Apr 24, 2020 2:27 am

Re: Updated: LATAM files for Bankruptcy

Tue Jun 30, 2020 10:19 pm

According to a Chilean newspaper, LATAM have confirmed to the US bankruptcy court that Qatar Airways and the Cueto family will invest US$ 900 million dollars in company and the rescue package negotiated with the Chilean government have not been completely ruled out yet.

https://www.df.cl/noticias/empresas/ind ... 02207.html
 
moa999
Posts: 968
Joined: Tue Mar 13, 2018 6:37 am

Re: Updated: LATAM files for Bankruptcy

Tue Jun 30, 2020 10:46 pm

So back to oneworld?
 
dcajet
Posts: 4708
Joined: Sun Aug 01, 2004 9:31 am

Re: Updated: LATAM files for Bankruptcy

Tue Jun 30, 2020 11:07 pm

moa999 wrote:
So back to oneworld?


Nope. The above is just a confirmation to the court of the DIP (debtor in possession) financing from Qatar and the Cueto and Amaro families that had been promised to the court at the time of the bankruptcy filing back in May,
Keep calm and wash your hands.
 
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ojjunior
Posts: 974
Joined: Thu Jul 13, 2006 12:31 am

Re: Updated: LATAM files for Bankruptcy

Wed Jul 01, 2020 3:40 am

Meanwhile Latam reinstated some European frequencies from GRU.

LHR, CDG, MAD, FRA and LIS are now back.

I wonder who are they flying...
 
moa999
Posts: 968
Joined: Tue Mar 13, 2018 6:37 am

Re: Updated: LATAM files for Bankruptcy

Wed Jul 01, 2020 3:47 am

dcajet wrote:
moa999 wrote:
So back to oneworld?


Nope. The above is just a confirmation to the court of the DIP (debtor in possession) financing from Qatar and the Cueto and Amaro families that had been promised to the court at the time of the bankruptcy filing back in May,
Yes. But what's Delta's stake after this versus Qatar's?
 
dcajet
Posts: 4708
Joined: Sun Aug 01, 2004 9:31 am

Re: Updated: LATAM files for Bankruptcy

Wed Jul 01, 2020 4:08 am

moa999 wrote:
dcajet wrote:
moa999 wrote:
So back to oneworld?


Nope. The above is just a confirmation to the court of the DIP (debtor in possession) financing from Qatar and the Cueto and Amaro families that had been promised to the court at the time of the bankruptcy filing back in May,
Yes. But what's Delta's stake after this versus Qatar's?


This DIP was arranged at the time of the bankruptcy declaration; it does not increase Qatar's stake (10%). Delta was not part of the DIP arrangements. Delta holds 20% of the airline. https://www.latinfinance.com/daily-brie ... -financing

Both Delta and Qatar are committed to LATAM's survival; Delta has publicly said so: https://thepointsguy.com/news/delta-air ... ankruptcy/

There is no return to oneworld. That ship has sailed. DL & QR are businesses and as such. both want to see LATAM succeed.
Keep calm and wash your hands.
 
thgsr08
Posts: 221
Joined: Mon Oct 23, 2017 8:02 pm

Re: Updated: LATAM files for Bankruptcy

Wed Jul 01, 2020 5:46 am

ojjunior wrote:
Meanwhile Latam reinstated some European frequencies from GRU.

LHR, CDG, MAD, FRA and LIS are now back.

I wonder who are they flying...



CARGO flights are on the move. Also, EU citizens getting back home after a long quarentine in BR. (I know some.)
Of couse, they don't intend to fill every seat, but any $ counts at this moment.
And by the way, have you all seen LATAM's financial records (Jun-Dec 2019/Jan-Mar 2020)?
It seems there're some information missing, or hidden... I don't know. It is bad, but not that horrible at all.
They're returning aircrafts they didn't want (such as old A319 and A320s), 2 A350s are scheduled to
go to MZJ(PR-XTA & XTB) this week and some A321's been renegociated among lessors.
Don't you feel this is an excellent opportunity to get rid of things you don't want and not be charged for it, securing financial resources for you to survive after the crisis? Also, is it worth to put more money on stg you know it's gonna fail (QR and Cueto/Amaro family)?

I don't know, stg is not well explained here...
:checkeredflag:
 
moa999
Posts: 968
Joined: Tue Mar 13, 2018 6:37 am

Re: Updated: LATAM files for Bankruptcy

Wed Jul 01, 2020 7:01 am

dcajet wrote:
This DIP was arranged at the time of the bankruptcy declaration; it does not increase Qatar's stake (10%). Delta was not part of the DIP arrangements. Delta holds 20% of the airline. .


Most bankruptcies wipe out (or substantially dilute) existing equity holders.

Would surprise me if Qatar is putting money in without an increase in control.

Eg. Norwegian where the lessors have control and former equity under 5%. Virgin Australia where equity (and much unsecured debt) has been wiped out.
 
dcajet
Posts: 4708
Joined: Sun Aug 01, 2004 9:31 am

Re: Updated: LATAM files for Bankruptcy

Wed Jul 01, 2020 7:39 am

moa999 wrote:
dcajet wrote:
This DIP was arranged at the time of the bankruptcy declaration; it does not increase Qatar's stake (10%). Delta was not part of the DIP arrangements. Delta holds 20% of the airline. .


Most bankruptcies wipe out (or substantially dilute) existing equity holders.

Would surprise me if Qatar is putting money in without an increase in control.

Eg. Norwegian where the lessors have control and former equity under 5%. Virgin Australia where equity (and much unsecured debt) has been wiped out.


The value of both QR and DL investments in LATAM has been diluted, but not their participation percentages. I am not aware of an increase in QR's ownership of LATAM as a result of the DIP arrangement but you are welcome to prove it otherwise.

Be it as it may, Delta's not having a good week; Aeromexico declared Ch 11 yesterday, They own 49% of the airline.
Keep calm and wash your hands.
 
dcajet
Posts: 4708
Joined: Sun Aug 01, 2004 9:31 am

Re: Updated: LATAM files for Bankruptcy

Wed Jul 01, 2020 7:41 am

ojjunior wrote:
Meanwhile Latam reinstated some European frequencies from GRU.

LHR, CDG, MAD, FRA and LIS are now back.

I wonder who are they flying...


Cargo in the holds?
Keep calm and wash your hands.
 
Boof02671
Posts: 2173
Joined: Sun Jul 10, 2016 12:15 am

Re: Updated: LATAM files for Bankruptcy

Thu Jul 02, 2020 10:40 pm

moa999 wrote:
dcajet wrote:
moa999 wrote:
So back to oneworld?


Nope. The above is just a confirmation to the court of the DIP (debtor in possession) financing from Qatar and the Cueto and Amaro families that had been promised to the court at the time of the bankruptcy filing back in May,
Yes. But what's Delta's stake after this versus Qatar's?

Delta’s stake will be gone. Stock gets wiped out in bankruptcy and are not secured claims.
 
Westerwaelder
Posts: 251
Joined: Fri Apr 03, 2020 12:27 pm

Re: Updated: LATAM files for Bankruptcy

Fri Jul 03, 2020 9:12 am

Boof02671 wrote:
moa999 wrote:
dcajet wrote:

Nope. The above is just a confirmation to the court of the DIP (debtor in possession) financing from Qatar and the Cueto and Amaro families that had been promised to the court at the time of the bankruptcy filing back in May,
Yes. But what's Delta's stake after this versus Qatar's?

Delta’s stake will be gone. Stock gets wiped out in bankruptcy and are not secured claims.


It's a possible outcome but not necessarily a foregone conclusion. That depends on how the restructuring is done.
 
Boof02671
Posts: 2173
Joined: Sun Jul 10, 2016 12:15 am

Re: Updated: LATAM files for Bankruptcy

Fri Jul 03, 2020 11:29 am

Westerwaelder wrote:
Boof02671 wrote:
moa999 wrote:
Yes. But what's Delta's stake after this versus Qatar's?

Delta’s stake will be gone. Stock gets wiped out in bankruptcy and are not secured claims.


It's a possible outcome but not necessarily a foregone conclusion. That depends on how the restructuring is done.

Every airline bankruptcy this has occurred. It’s quite the norm. The stock will be terminated and Delta will lose another airline investment
 
n9801f
Posts: 229
Joined: Tue Apr 13, 2004 8:29 am

Re: Updated: LATAM files for Bankruptcy

Fri Jul 03, 2020 3:56 pm

Boof02671 not 100%.

Typically stockholders are wiped out.

But not in the recent AA bankruptcy.

AA was highly unusual.
 
Westerwaelder
Posts: 251
Joined: Fri Apr 03, 2020 12:27 pm

Re: Updated: LATAM files for Bankruptcy

Fri Jul 03, 2020 3:57 pm

Boof02671 wrote:
Westerwaelder wrote:
Boof02671 wrote:
Delta’s stake will be gone. Stock gets wiped out in bankruptcy and are not secured claims.


It's a possible outcome but not necessarily a foregone conclusion. That depends on how the restructuring is done.

Every airline bankruptcy this has occurred. It’s quite the norm. The stock will be terminated and Delta will lose another airline investment


It might well be the norm but it is not a certainty. That was my point.
 
usflyer msp
Posts: 3860
Joined: Tue May 23, 2000 11:50 am

Re: Updated: LATAM files for Bankruptcy

Fri Jul 03, 2020 4:10 pm

n9801f wrote:
Boof02671 not 100%.

Typically stockholders are wiped out.

But not in the recent AA bankruptcy.

AA was highly unusual.


They AA shareholders went from owning 100% to owning 3% - that is for all intents and purposes wiped out.
 
Boof02671
Posts: 2173
Joined: Sun Jul 10, 2016 12:15 am

Re: Updated: LATAM files for Bankruptcy

Fri Jul 03, 2020 6:31 pm

n9801f wrote:
Boof02671 not 100%.

Typically stockholders are wiped out.

But not in the recent AA bankruptcy.

AA was highly unusual.

AA’s stock was most certainly terminated in bankruptcy. Creditors were made whole. New stock was issued with some going to LAA shareholders and the rest to LUS shareholders.

AA emerged bankruptcy with a new stock name and a different stock exchange.
 
Boof02671
Posts: 2173
Joined: Sun Jul 10, 2016 12:15 am

Re: Updated: LATAM files for Bankruptcy

Fri Jul 03, 2020 6:55 pm

From AA’s POR

I currently own shares of AMR (Symbol: AAMRQ). How will my shares be affected by the closing of the Merger and the company’s emergence from Chapter 11?
If the Plan of Reorganization is confirmed by the Bankruptcy Court and the Merger is consummated, the existing common stock of AMR (AAMRQ) will be cancelled. Holders of Allowed AMR Equity Interests (including common stock, warrants, restricted stock units and options) will receive shares in the merged company, which is defined in the Plan and the Disclosure Statement as “New AAG,” representing at least 3.5% of the total number of shares of New AAG’s New Common Stock, subject to customary dilution, and may potentially receive additional shares of New Common Stock.

A hearing to consider confirmation of the Plan of Reorganization was held on August 15, 2013, and the Bankruptcy Court has taken the matter under advisement. We cannot predict whether the Plan of Reorganization will be confirmed by the Bankruptcy Court and consummated or when or whether the Merger will close. Further, we cannot provide assurance that the distributions of New Common stock described above will actually occur. We encourage you to review the Merger Agreement that was filed with the SEC as an exhibit to Form 8-K/A on February 14, 2013, the Form S-4 registration statement, as amended, initially filed with the SEC on April 15, 2013, as well as the Plan of Reorganization and Disclosure Statement filed with the Bankruptcy Court on June 5, 2013.

https://americanairlines.gcs-web.com/st ... 56cc968db1
 
danipawa
Posts: 477
Joined: Sat Oct 01, 2016 1:18 am

Re: Updated: LATAM files for Bankruptcy

Sat Jul 04, 2020 12:44 am

Airbus A320 -232 1835 PR-MBS Latam Brasil ferried 03-04jul20 GIG-CNF-BAQ-TUS on return to lessor ex N544JB

Airbus A350 -941 27 PR-XTB Latam Brasil ferried 03-04jul20 GRU-MIA-VCV on return to lessor ex F-WZFV
 
Boof02671
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Re: Updated: LATAM files for Bankruptcy

Sat Jul 04, 2020 12:51 am

danipawa wrote:
Airbus A320 -232 1835 PR-MBS Latam Brasil ferried 03-04jul20 GIG-CNF-BAQ-TUS on return to lessor ex N544JB

Airbus A350 -941 27 PR-XTB Latam Brasil ferried 03-04jul20 GRU-MIA-VCV on return to lessor ex F-WZFV

Old JetBlue plane?
 
User avatar
VCVSpotter
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Re: Updated: LATAM files for Bankruptcy

Sat Jul 04, 2020 1:31 am

danipawa wrote:
Airbus A320 -232 1835 PR-MBS Latam Brasil ferried 03-04jul20 GIG-CNF-BAQ-TUS on return to lessor ex N544JB

Airbus A350 -941 27 PR-XTB Latam Brasil ferried 03-04jul20 GRU-MIA-VCV on return to lessor ex F-WZFV


Heard about the A359, the A320 is news to me. There are a few others that will allegedly be ferrying to VCV next week:

A320 PR-MAZ
July 5 QSC-MIA
July 6 MIA-VCV

A321 PT-XPM
July 6 GIG-LIM-MIA
July 7 MIA-VCV

A321 PT-XPL
July 7 GIG-LIM-MIA
July 8 MIA-VCV
https://docs.google.com/spreadsheets/d/ ... edit#gid=0

Just a normal teenager juggling AP classes and airplanes. No biggie • Love the 747 & 777-9 • Farewell KLM 747-400M
 
User avatar
lightsaber
Moderator
Posts: 20313
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Re: Updated: LATAM files for Bankruptcy

Sat Jul 04, 2020 2:06 am

VCVSpotter wrote:
danipawa wrote:
Airbus A320 -232 1835 PR-MBS Latam Brasil ferried 03-04jul20 GIG-CNF-BAQ-TUS on return to lessor ex N544JB

Airbus A350 -941 27 PR-XTB Latam Brasil ferried 03-04jul20 GRU-MIA-VCV on return to lessor ex F-WZFV


Heard about the A359, the A320 is news to me. There are a few others that will allegedly be ferrying to VCV next week:

A320 PR-MAZ
July 5 QSC-MIA
July 6 MIA-VCV

A321 PT-XPM
July 6 GIG-LIM-MIA
July 7 MIA-VCV

A321 PT-XPL
July 7 GIG-LIM-MIA
July 8 MIA-VCV

Is there a summary I missed on how many aircraft if the various types are being returned?

Lightsaber
Winter is coming.
 
Oliver2020
Posts: 194
Joined: Mon Jan 21, 2019 5:39 am

Re: Updated: LATAM files for Bankruptcy

Sat Jul 04, 2020 4:04 am

lightsaber wrote:
VCVSpotter wrote:
danipawa wrote:
Airbus A320 -232 1835 PR-MBS Latam Brasil ferried 03-04jul20 GIG-CNF-BAQ-TUS on return to lessor ex N544JB

Airbus A350 -941 27 PR-XTB Latam Brasil ferried 03-04jul20 GRU-MIA-VCV on return to lessor ex F-WZFV


Heard about the A359, the A320 is news to me. There are a few others that will allegedly be ferrying to VCV next week:

A320 PR-MAZ
July 5 QSC-MIA
July 6 MIA-VCV

A321 PT-XPM
July 6 GIG-LIM-MIA
July 7 MIA-VCV

A321 PT-XPL
July 7 GIG-LIM-MIA
July 8 MIA-VCV

Is there a summary I missed on how many aircraft if the various types are being returned?

Lightsaber


On page 4 post 152 list 18 AC
I'm cross referencing those with planespotters and airfleets to see if further AC have been removed
 
bkmbr
Posts: 267
Joined: Fri Apr 24, 2020 2:27 am

Re: Updated: LATAM files for Bankruptcy

Thu Jul 09, 2020 12:29 pm

LATAM Brazil was included at the Bankruptcy

http://www.latamairlinesgroup.net/stati ... 74e9282d9d

LATAM Airlines Brazil today began a voluntary reorganization process as part of Chapter 11 protection in the United States to restructure its debt and effectively manage its aircraft fleet, while enabling operational continuity. LATAM Airlines Group and its affiliates in Chile, Peru, Colombia, Ecuador and the United States are already part of this process, which began on May 26, 2020. LATAM Airline Brazil's decision is a natural step in light of the continuing COVID-19 pandemic and offers the best option to access the proposed DIP financing that will provide the tools to adapt to this new reality. LATAM Airlines Brazil will continue to operate passenger and cargo flights normally, as LATAM Airlines Group and its affiliates have done since they entered Chapter 11. Likewise, when authorized by the court, LATAM Airlines Brazil will continue to fulfil its commitments to customers, with tickets, its frequent flyer program and flexibility policies all being honored. Likewise, obligations to employees, including pay and benefits will be respected.
 
MIflyer12
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Re: Updated: LATAM files for Bankruptcy

Thu Jul 09, 2020 3:32 pm

Much more DIP financing secured.

On Thursday, it said it had secured an additional $1.3 billion in funding from Oaktree Capital Management L.P. and its affiliates, enough to meet the company´s financing requirements amid the crisis. The company had already secured $900 million for the process from shareholders Cueto Group and Qatar Airways. “Combined ... it is hoped that financial support will not be required from governments,” the company said in a statement early on Thursday.

The company said the proposal still required approval from the U.S. court.


https://www.reuters.com/article/us-lata ... 4A21D?il=0
 
User avatar
LAXintl
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Re: Updated: LATAM files for Bankruptcy

Thu Jul 16, 2020 5:01 pm

LATAM Group decided not to use any aid offered by Colombia, as the financing of Tranche A and C of the bankruptcy process was confirmed.
Also, as part of the DIP financing, Oaktree Opportunities XI Singular Fund (US) to raise another US$60 million in Chile, from institutional investors.
From the desert to the sea, to all of Southern California
 
 
danipawa
Posts: 477
Joined: Sat Oct 01, 2016 1:18 am

Re: Updated: LATAM files for Bankruptcy

Wed Jul 22, 2020 1:31 am

Boeing 787 -9 38461 382 CC-BGG Latam Chile ferried 20jul20 SCL-VCV on return to lessor (+ 38459/386 CC-BGH, + 38479/350 CC-BGF 21jul20)

Airbus A321 -211 7005 PT-XPN Latam Brasil ferried 20jul20 GRU-LIM-MIA on return to lessor (+ 6949 PT-XPM 21jul20)
 
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VCVSpotter
Posts: 1250
Joined: Mon May 04, 2020 6:10 am

Re: Updated: LATAM files for Bankruptcy

Wed Jul 22, 2020 4:41 am

danipawa wrote:
Airbus A321 -211 7005 PT-XPN Latam Brasil ferried 20jul20 GRU-LIM-MIA on return to lessor (+ 6949 PT-XPM 21jul20)


PT-XPN ferried to VCV today as well, skyliners cut the route leg a little short it seems.
https://docs.google.com/spreadsheets/d/ ... edit#gid=0

Just a normal teenager juggling AP classes and airplanes. No biggie • Love the 747 & 777-9 • Farewell KLM 747-400M
 
dcajet
Posts: 4708
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Re: Updated: LATAM files for Bankruptcy

Wed Jul 22, 2020 4:52 am

Banco de Investimentos Bradesco BBI published yesterday a report indicating that the most favorable scenario for the LATAM group, in the current context, would be to sell LATAM Brasil to Azul. Analysts, however, estimate that a merger of the two companies would be unlikely, due to divergent interests between the shareholders of each group (among them, rivals Delta, for LATAM, and United, for Azul), in addition to the risk of this movement pushing the company founded by David. Neeleman into the judicial recovery process of the now partner.

https://www.melhoresdestinos.com.br/azu ... rasil.html
Keep calm and wash your hands.
 
danipawa
Posts: 477
Joined: Sat Oct 01, 2016 1:18 am

Re: Updated: LATAM files for Bankruptcy

Sat Jul 25, 2020 12:50 am

Airbus A321 -211 6895 PT-XPL Latam Brasil ferried 22-23jul20 GIG-LIM-MIA-VCV on return to lessor ex D-AVZA

Airbus A321 -211 6698 CC-BEE Latam Chile ferried 23-24jul20 SCL-LIM-MIA-VCV on return to lessor (+ 6797 CC-BEG) ex D-AVZP

Airbus A321 -211 6798 PT-XPJ Latam Brasil ferried 23-24jul20 GRU-LIM-MIA-VCV on return to lessor ex D-AZAD

Airbus A321 -211 6894 CC-BEH Latam Chile ferried 22-23jul20 SCL-LIM-MIA-VCV on return to lessor ex D-AVZX

https://www.skyliner-aviation.de/regdb. ... av4&page=1
 
LatinPlane
Posts: 2630
Joined: Mon Dec 27, 1999 11:05 am

Re: Updated: LATAM files for Bankruptcy

Sat Jul 25, 2020 5:30 pm

dcajet wrote:
Banco de Investimentos Bradesco BBI published yesterday a report indicating that the most favorable scenario for the LATAM group, in the current context, would be to sell LATAM Brasil to Azul. Analysts, however, estimate that a merger of the two companies would be unlikely, due to divergent interests between the shareholders of each group (among them, rivals Delta, for LATAM, and United, for Azul), in addition to the risk of this movement pushing the company founded by David. Neeleman into the judicial recovery process of the now partner.

https://www.melhoresdestinos.com.br/azu ... rasil.html



Wow that's drastic, but given this situation, it wouldn't be completely unrealistic if LATAM decided to divest itself of its Brazilian arm. Not that it should happen... it's been a huge effort to get the whole LAN-TAM merger stabilized, to the point where the Brazilian part is the most profitable part of the group, but this pandemic has changed the entire airline industry.

Although the Cueto's are always optimistic in public about the merger, I've heard by people in the know that in private they have had their doubts and would do things different if they could turn back time. They have lost a lot of capital in the whole process and although they achieved the purpose of uniting and creating a strong S. American carrier it came at a huge cost to them in particular.
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kondoo
Posts: 43
Joined: Fri May 27, 2016 4:34 am

Re: Updated: LATAM files for Bankruptcy

Sat Jul 25, 2020 7:53 pm

LatinPlane wrote:
dcajet wrote:
Banco de Investimentos Bradesco BBI published yesterday a report indicating that the most favorable scenario for the LATAM group, in the current context, would be to sell LATAM Brasil to Azul. Analysts, however, estimate that a merger of the two companies would be unlikely, due to divergent interests between the shareholders of each group (among them, rivals Delta, for LATAM, and United, for Azul), in addition to the risk of this movement pushing the company founded by David. Neeleman into the judicial recovery process of the now partner.

https://www.melhoresdestinos.com.br/azu ... rasil.html



That would be terrible for DL. One of the larger values that LATAM provides is access beyond large Latin Spokes in Brazil.
 
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Gonzalo
Posts: 1855
Joined: Tue Aug 23, 2005 2:43 am

Re: Updated: LATAM files for Bankruptcy

Sat Jul 25, 2020 8:33 pm

dcajet wrote:
Banco de Investimentos Bradesco BBI published yesterday a report indicating that the most favorable scenario for the LATAM group, in the current context, would be to sell LATAM Brasil to Azul. Analysts, however, estimate that a merger of the two companies would be unlikely, due to divergent interests between the shareholders of each group (among them, rivals Delta, for LATAM, and United, for Azul), in addition to the risk of this movement pushing the company founded by David. Neeleman into the judicial recovery process of the now partner.

https://www.melhoresdestinos.com.br/azu ... rasil.html


I wouldn't be very worried about that. Not gonna happen. In finances, like in politics, very often you'll hear or read statements made with the sole purpose of drifting the attention into certain direction. Reading that report I smell a move to obtain some attention but knowing that there is zero chance of this thing happening. I'm sure time will tell and LATAM will remain strong after this storm.

Best Regards,

G.
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Boof02671
Posts: 2173
Joined: Sun Jul 10, 2016 12:15 am

Re: Updated: LATAM files for Bankruptcy

Mon Jul 27, 2020 6:30 pm

    dcajet wrote:
    Banco de Investimentos Bradesco BBI published yesterday a report indicating that the most favorable scenario for the LATAM group, in the current context, would be to sell LATAM Brasil to Azul. Analysts, however, estimate that a merger of the two companies would be unlikely, due to divergent interests between the shareholders of each group (among them, rivals Delta, for LATAM, and United, for Azul), in addition to the risk of this movement pushing the company founded by David. Neeleman into the judicial recovery process of the now partner.

    https://www.melhoresdestinos.com.br/azu ... rasil.html

    Delta will be losing its ownership stake. They’ve already took a charge in the last quarter of $2 billion written off investment in Virgin Australia, LATAM and AeroMexico.
     
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    SDUMIA
    Posts: 39
    Joined: Tue Dec 11, 2018 10:01 pm

    Re: Updated: LATAM files for Bankruptcy

    Mon Jul 27, 2020 10:01 pm

    dcajet wrote:
    Banco de Investimentos Bradesco BBI published yesterday a report indicating that the most favorable scenario for the LATAM group, in the current context, would be to sell LATAM Brasil to Azul. Analysts, however, estimate that a merger of the two companies would be unlikely, due to divergent interests between the shareholders of each group (among them, rivals Delta, for LATAM, and United, for Azul), in addition to the risk of this movement pushing the company founded by David. Neeleman into the judicial recovery process of the now partner.

    https://www.melhoresdestinos.com.br/azu ... rasil.html


    I think that could be a real possibility. Something is brewing at Azul. Today a ATR-72-600 (PR-AQH) took off from VCP and drew the map of Brazil (also Azul’s logo) around the skies of the state of São Paulo.

    Now, Azul sent a statement informing that CEO John Rodgerson will make a special announcement on Tuesday July 28th at 11:00 am.

    https://www.aeroin.net/suspense-azul-an ... rca-feira/


    This is getting interesting.
     
    Jomar777
    Posts: 562
    Joined: Tue Oct 20, 2015 8:45 am

    Re: Updated: LATAM files for Bankruptcy

    Tue Jul 28, 2020 9:20 am

    SDUMIA wrote:
    dcajet wrote:
    Banco de Investimentos Bradesco BBI published yesterday a report indicating that the most favorable scenario for the LATAM group, in the current context, would be to sell LATAM Brasil to Azul. Analysts, however, estimate that a merger of the two companies would be unlikely, due to divergent interests between the shareholders of each group (among them, rivals Delta, for LATAM, and United, for Azul), in addition to the risk of this movement pushing the company founded by David. Neeleman into the judicial recovery process of the now partner.

    https://www.melhoresdestinos.com.br/azu ... rasil.html


    I think that could be a real possibility. Something is brewing at Azul. Today a ATR-72-600 (PR-AQH) took off from VCP and drew the map of Brazil (also Azul’s logo) around the skies of the state of São Paulo.

    Now, Azul sent a statement informing that CEO John Rodgerson will make a special announcement on Tuesday July 28th at 11:00 am.

    https://www.aeroin.net/suspense-azul-an ... rca-feira/


    This is getting interesting.


    It would be really interesting to see today's announcement and i look forward to the news. But a merger between LATAM Brazil and Azul is very difficult. Market share on local flights in Brazil, slots mainly at GRU, SDU and CGH between others will be at stake.

    Also, this is the most profitable arm of LATAM and I am not sure the Cueto family would like to lose it.

    I would mostly expect that a break up of LATAM with LATAM Brazil going alone as a sole individual Brazilian Entity would be the best solution but even this is a far off idea...
     
    Ishrion
    Posts: 2950
    Joined: Mon Feb 04, 2019 6:17 am

    Re: Updated: LATAM files for Bankruptcy

    Tue Jul 28, 2020 2:06 pm

    Jomar777 wrote:
    SDUMIA wrote:
    dcajet wrote:
    Banco de Investimentos Bradesco BBI published yesterday a report indicating that the most favorable scenario for the LATAM group, in the current context, would be to sell LATAM Brasil to Azul. Analysts, however, estimate that a merger of the two companies would be unlikely, due to divergent interests between the shareholders of each group (among them, rivals Delta, for LATAM, and United, for Azul), in addition to the risk of this movement pushing the company founded by David. Neeleman into the judicial recovery process of the now partner.

    https://www.melhoresdestinos.com.br/azu ... rasil.html


    I think that could be a real possibility. Something is brewing at Azul. Today a ATR-72-600 (PR-AQH) took off from VCP and drew the map of Brazil (also Azul’s logo) around the skies of the state of São Paulo.

    Now, Azul sent a statement informing that CEO John Rodgerson will make a special announcement on Tuesday July 28th at 11:00 am.

    https://www.aeroin.net/suspense-azul-an ... rca-feira/


    This is getting interesting.


    It would be really interesting to see today's announcement and i look forward to the news. But a merger between LATAM Brazil and Azul is very difficult. Market share on local flights in Brazil, slots mainly at GRU, SDU and CGH between others will be at stake.

    Also, this is the most profitable arm of LATAM and I am not sure the Cueto family would like to lose it.

    I would mostly expect that a break up of LATAM with LATAM Brazil going alone as a sole individual Brazilian Entity would be the best solution but even this is a far off idea...


    Azul was named the best airline in the world by TripAdvisor, so they drew their logo.
     
    danipawa
    Posts: 477
    Joined: Sat Oct 01, 2016 1:18 am

    Re: Updated: LATAM files for Bankruptcy

    Sat Aug 01, 2020 1:45 pm

    Airbus A320 -214 3111 PR-MHE Latam Brasil ferried 30jul20 CNF-QSC ex A4O-OVC

    https://www.skyliner-aviation.de/regdb.main?LC=nav4
     
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    DL747400
    Posts: 966
    Joined: Mon Sep 01, 2008 4:04 pm

    Re: Updated: LATAM files for Bankruptcy

    Tue Aug 11, 2020 3:18 pm

    On a related note, DL and LATAM are expanding their codeshares, with DL adding their code to LA operated flights in a dozen new markets throughout SA. The level of LATAM / DL cooperation continues to grow and evolve despite the pandemic. Clearly, both DL and LATAM believe that the way out of bankruptcy and back to profitability is through the continued expansion of their Latin partnership:

    https://www.routesonline.com/news/38/ai ... e-20200811

    DELTA operated by LATAM Airlines Brasil
    Rio de Janeiro Galeao – Foz do Iguacu
    Sao Paulo Guarulhos – Campo Grande
    Sao Paulo Guarulhos – Lima
    Sao Paulo Guarulhos – Londrina
    Sao Paulo Guarulhos – Maceio
    Sao Paulo Guarulhos – Uberlandia

    DELTA operated by LATAM Airlines Colombia
    Bogota – San Andres Island
    Bogota – Santa Marta

    DELTA operated by LATAM Airlines Ecuador
    Quito – Baltra Island

    DELTA operated by LATAM Airlines Peru
    Lima – Brasilia
    Lima – Rio de Janeiro Galeao
    Lima – Porto Alegre
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