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Star Alliance is girding for the likely departure of Brazilian carrier TAM SA, which would leave the marketing and frequent flyer partnership without a foothold in the key Brazilian market.TAM, which recently merged with Chile's Lan Airlines SA to create Latam Airlines Group SA (LFL, LAN.SN), is expected to leave Star Alliance after Chilean regulators warned the merger could not take place if the new airline was part of the global marketing alliance. Two of Latam's key rivals in the region, AviancaTaca and Copa, are Star Alliance members."Eventually TAM will have to leave Star and from our standpoint, whenever that date comes, we need to come back and rebuild a proposition for Brazil," said Mark Schwab, Star Alliance's chief executive, on the sidelines of an airlines conference in Panama."We are very happy with the rest of our network in Latin America, but Brazil represents 40% of air travel in the region," he added.The group has a limited amount of options for Brazil. Gol Linhas Aerea...
Colombia's benchmark blue-chip index fell Thursday, pushed lower by a decline in the shares of state-run oil firm Ecopetrol SA (EC, ECOPETROL.BO), while the peso wea...
By Elzio Barreto and Brad HaynesSAO PAULO/SANTIAGO, (Reuters) - Brazil's TAM and Chile's LAN announced a proposed merger Friday that would create Latin America's lar...
Portugal's government has picked a holding company run by German Efromovich, chairman of the Colombian airline Avianca, as sole bidder for airline TAP.The government...
The sale of state-owned Portuguese airport operator ANA-Aeroportos de Portugal S.A. is attracting around ten potential suitors including German airport operator Frap...
AviancaTaca Holding (PFAVTBA.BO), the South American airline controlled by German Efromovich, is among the favorite candidates for a likely takeover of Portuguese ai...
The global airline industry wants stronger government efforts to promote using biofuels, with new regulations and economic incentives for its production. It is worki...
Chilean flagship carrier Lan Airlines SA (LFL, LAN.SN) will take delivery in late 2012 of the first of the 32 Boeing 787 Dreamliners it ordered and incorporate it in...
Colombian airline Easyfly SA, which touts itself as the nation's only low-cost airline, has seen two straight years of profits following its 2007 launch and hopes to...
Colombia's flagship airline Avianca canceled 21 flights Friday after canceling 24 flights Thursday and 46 flights Wednesday, according to authorities, who said a lab...