This ends the story we have followed in recent posts: A shake up for the Latin American air sector and Latest news about Chilean airline LAN Ignacio Cueto, LAN’s owner and general manager, said it will not be a foreign airline that will acquire up to 11.3% of the shares that were still held by Sebastian Piñera. This rules out the possibility that Avianca, Taca or TAM would join the company....
On March 9th, the ANAC in Brazil publicly informed its decision. Aerolineas Argentina’s flights operating from the domestic airport in Buenos Aires are not authorized to land in Brazil. The Metropolitan Airport Jorge Newbery, is Buenos Aires` domestic airport, situated “very near” the city center of Buenos Aires, as described in their official website. This airport historically serves the country’s...
Surprisingly the Cueto family finally decided to purchase only 8.56% of the shares from president-elect Sebastián Piñera. Originally, 21.18% of LAN shares were offered by Piñera to the Cueto family worth $US 1,230 million. The Cueto’s, who already owned 25.5% of the company, now own 34.04% of LAN. The new President-Elect from Chile, billionaire Sebastian Piñera, delivered on campaign promises...
The OAG report from February 2010 indicates that Latin American air services continue to expand within the region, with 185,970 flights scheduled for February 2010. This reflects an increase of 12% (19,891 more flights). Capacity also shows a positive growth of 15% with 2,563,551 seats on offer. Operations to and from Central and South America have increased 6% in frequency and 5% in capacity year...
No, not in San Antonio TX , not in Vail CO. According to the Observatory of Tourism about 858,000 tourists a year visit the 15th-century Inca ruins of Machu Picchu. The Inca hiking trail (about 7,700 feet above sea level) and the Machu Picchu fortress were closed after torrential rains triggered landslides in January after the longest period of heavy rain in 20 years in Peru’s southern Andes . Peru’s...
The last decade has seen a tourist boom in Latin America which has spurred a multitude of new hotel projects. As a result, Latin America now has traditional international properties, regional chains and independent hotels that each add to the vibrant market mix. Both large projects and small developments are seeking to attract a share of the growing demand. Real estate is scarce enough in major cities...
There are some interesting developments in the Latin American airline industry. News that definitely reshape the balance of the sector. The new President-Elect from Chile, billionaire Sebastian Piñera, is delivering on promises he made during the presidential race and will relinquish his 26.3% stake in LAN, Chile’s flagship airline. What is not yet clear is who will be the buyer. The Cueto family...
In 2005, the two largest Brazilian carriers, TAM and GOL, pulled all their domestic content out of the GDSs, removing more than 90 percent of the country’s total domestic inventory. In lieu of the traditional GDS model, TAM and GOL required that bookings at the Brazilian point of sale be made through their direct channels, including their Web sites. Faced with massive losses of content and decreased...
According to a statement from the International Air Transport Association (IATA) Latin American carriers are the only ones in the world to close 2009 with profitable operations, accumulating a collective gain of around US$100 billion. “These results are mainly due to the relative strength experienced by South American economies and efficiency gains through structures of regional airlines.” The...
The results are in and the tallies counted for the ten startups in the finals of the #PS10 competition organized by PiolaPs10 and PulsoSocial on November 30th, 2009. LetMeGo won the #PS10 competition for best Latin American startup. They also came away with new partners for their Portuguese version. The Colombian Startup LetMeGo offers an innovation never before seen in the market for the hospitality...