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.”
The lack of air connectivity among the islands of the Caribbean remains one of the tallest barriers to unlocking the full potential of the region’s tourism market, the head of the Latin American and Caribbean Air Transport Association (ALTA) told ATW’s sister publication Aviation Daily....More
Passenger traffic in Latin America is expected to grow between 5%-10% per year over the next 10 years, but this growth could be hampered by lack of government investment in infrastructure, air traffic control systems and airports, industry leaders said at the ALTA Pan American Aviation Safety Summit....More
IATA’s incoming chief pledged to continue driving forward key global airline initiatives and to be a “tireless advocate” for the industry in remarks after he was officially confirmed as the association’s next director general and CEO....More