Volaris Aviation Holding, parent of Mexican Low-cost carrier Volaris, has filed with the US Securities and Exchange Commission to raise up to $100 million in an initial public offering (IPO) of American Depository Shares offering.
Following in the steps of the 2012 privatization auctions of three major airports—São Paulo Guarulhos, Campinas Viracopos and Brasília Presidente Juscelino Kubitscheck—Brazil plans to open bidding for the privatization of Rio de Janeiro Galeão and Confins airports in October.
On the heels of LATAM Airlines Group’s first-quarter results, Chile-based LAN Airlines announced it completed a test flight of its Boeing 787 after installing battery modifications, paving the way for the grounded aircraft to resume operations “in the coming days.”
Settling into his new role as the head of IATA, director general and CEO Alexandre de Juniac has made clear his frustration with government policies that fail to recognize the value of aviation....More
The world’s airlines will continue their streak of collective profitability in 2017, but anticipated higher costs, coupled with a sluggish global economy that lead IATA forecasters to believe next year’s industry net profit will be almost $6 billion lower than 2016’s expected profit....More