LATAM Airlines Group

Private equity and venture capital dry powder in Latin America highest since 2015 — Preqin reports

Retrieved on: 
Thursday, February 8, 2024

The report finds that Latin America’s assets under management (AUM) in alternatives saw continued growth in 2023, driven by private equity and venture capital (VC).

Key Points: 
  • The report finds that Latin America’s assets under management (AUM) in alternatives saw continued growth in 2023, driven by private equity and venture capital (VC).
  • Preqin research shows the increase in private equity and VC dry powder is attributable to investor apprehension given uncertainties in the market.
  • Latin America private equity deal flow mirrored the deceleration of global private markets, falling to a five-year low for the region.
  • Coupled with the momentum propelled by nearshoring, private investment is unlocking the potential that rests in its growing private equity market.”
    Additional key findings of the Preqin Territory Guide: Private Equity and VC in Latin America 2023 include:
    Private equity fundraising slows: Latin America private equity fundraising fell to a 10-year low in 2023.

Marty St. George Named President of JetBlue

Retrieved on: 
Wednesday, February 7, 2024

JetBlue (Nasdaq: JBLU) today announced the appointment of Marty St. George to be the company’s next president, effective February 26, 2024.

Key Points: 
  • JetBlue (Nasdaq: JBLU) today announced the appointment of Marty St. George to be the company’s next president, effective February 26, 2024.
  • Since 2020, St. George has served as chief commercial officer at LATAM Airlines Group, Latin America’s largest airline holding company, in Santiago, Chile.
  • Over the span of 13 years with JetBlue – beginning as vice president, planning, later senior vice president marketing and commercial, and ultimately executive vice president and chief commercial officer – St. George was a key architect of the carrier’s focus city strategy, led its successful entry into airline partnerships, and oversaw its distinctive brand and innovative product strategy.
  • He’ll also have oversight of JetBlue Travel Products (JTP), an important growth area for the company, which will continue to be led day-to-day by its president, Andres Barry.

OAG Data: Delta, American, and United Rank Among the Top 10 Largest Airlines in the World for 2023 On-Time Performance

Retrieved on: 
Thursday, January 25, 2024

OAG , the world’s leading data platform for the global travel industry, has revealed its 2023 On-Time Performance (OTP) results, which reveal the Top 20 Largest Airlines in the world (by flights) ranked by OTP.

Key Points: 
  • OAG , the world’s leading data platform for the global travel industry, has revealed its 2023 On-Time Performance (OTP) results, which reveal the Top 20 Largest Airlines in the world (by flights) ranked by OTP.
  • Data-driven and based on comprehensive, full-year data (January-December 2023), the results also include the Top 20 Largest Airports in North America (with a threshold of 250,000 flights annually) ranked by OTP.
  • Delta took the top spot in the Largest Airlines list ranking #1, followed by Alaska Airlines (#7; OTP 81.04%), American Airlines (#8; OTP 79.11%), United Airlines (#9; OTP 78.67%), Southwest Airlines (#11; OTP 75.51%), Spirit Airlines (#14; OTP 69.45%), and JetBlue Airways (#17; OTP 68.25%).
  • Several carriers outside of North America also featured among the Top 20.

Kramer Levin Names Leaders of Distressed Investing Practice

Retrieved on: 
Wednesday, January 17, 2024

Kramer Levin is pleased to announce that New York-based partners Daniel M. Eggermann and Rachael Ringer have been named co-heads of the firm’s Distressed Investing practice.

Key Points: 
  • Kramer Levin is pleased to announce that New York-based partners Daniel M. Eggermann and Rachael Ringer have been named co-heads of the firm’s Distressed Investing practice.
  • “The depth and breadth of our restructuring bench — combined with our strength and continued growth in finance and litigation — have driven the growth of our Distressed Investing practice.
  • Kramer Levin’s Distressed Investing practice represents banks, hedge funds and other financial institutions in all types and stages of distressed investing.
  • The firm’s Distressed Investing practice is complemented by its Special Situations practice and strong Bankruptcy Litigation and Investigations and Financial Services Litigation groups, both of which experienced significant growth when Kramer Levin combined with Washington, DC, litigation boutique Robbins, Russell, Englert, Orseck & Untereiner LLP in 2022.

Colombia Will Showcase at FITUR 2024 Why it is The Country of Beauty

Retrieved on: 
Tuesday, December 26, 2023

The delegation is led by the Ministry of Commerce, Industry, and Tourism and accompanied by ProColombia, aiming to showcase the best of its offerings.

Key Points: 
  • The delegation is led by the Ministry of Commerce, Industry, and Tourism and accompanied by ProColombia, aiming to showcase the best of its offerings.
  • This participation is part of the launch of its new Country Brand narrative, 'Colombia, the country of beauty,' which encompasses various dimensions such as natural landscapes, cultural diversity, gastronomic richness, and the warmth of its people.
  • It conveys a unified message promoting a destination of authentic and transformative experiences with the ability to attract international travelers.
  • In 2022, Colombia welcomed 4.6 million international travelers, marking its best year for the market, surpassing 2019 figures by 1.7%.

Air Lease Corporation Announces Delivery of First of Eight New Airbus A321 Aircraft to LATAM Airlines

Retrieved on: 
Tuesday, November 21, 2023

Today Air Lease Corporation (NYSE: AL) announced one new Airbus A321-200neo aircraft delivered to LATAM Airlines.

Key Points: 
  • Today Air Lease Corporation (NYSE: AL) announced one new Airbus A321-200neo aircraft delivered to LATAM Airlines.
  • This A321-200neo aircraft is the first of eight new Airbus A321s confirmed to deliver to the South American carrier from ALC’s order book with Airbus.
  • “ALC is pleased to announce our first A321-200neo delivery to LATAM Airlines today,” said Steven Udvar-Házy, Executive Chairman of Air Lease Corporation.
  • About Air Lease Corporation (NYSE: AL)
    Air Lease Corporation is a leading global aircraft leasing company based in Los Angeles, California that has airline customers throughout the world.

ProChile Presents "The Power of Humboldt": NYC Event to Celebrate a Bicentennial of Diplomatic Relations

Retrieved on: 
Friday, October 6, 2023

NEW YORK, Oct. 6, 2023 /PRNewswire-PRWeb/ -- ProChile announces "The Power of Humboldt," an educational and tasting event that will take place on October 30th at Project Farmhouse (NY) and celebrate 200 years of diplomatic relations and 20 years of the Free Trade Agreement (FTA) with the United States.

Key Points: 
  • "On June 6th, 2003, Chile became the sixth country worldwide and the first from South America to have an FTA with the United States.
  • "In the past two decades, trade between the countries has increased fivefold to $35.4 billion in 2022 with an annual average growth of 9.2% since 2003.
  • Chile's climate owes much of its character to the mighty Humboldt Current, which influences coastal conditions and contributes to creating diverse microclimates.
  • This maritime influence lends a distinct charm to Chile's offerings, reflected in its exceptional products and culinary treasures.

LATAM and Sabre announce plans to distribute NDC by LATAM content, expand reach and boost sales

Retrieved on: 
Thursday, October 5, 2023

Sabre and LATAM are already working on the integration of the carrier's NDC content in the Sabre GDS.

Key Points: 
  • Sabre and LATAM are already working on the integration of the carrier's NDC content in the Sabre GDS.
  • Sabre is the first GDS to reach this type of agreement with LATAM.
  • LATAM and Sabre are actively working on the launch of the airline's NDC offers in the Sabre travel marketplace.
  • Once activated, LATAM will be joining 15 other airlines that already have their NDC content available in 150+ markets through Sabre.

Pratt & Whitney GTF™ Engines Surpass 800 Orders and Commitments in 2023

Retrieved on: 
Wednesday, June 21, 2023

PARIS, June 21, 2023 /PRNewswire/ -- PARIS AIR SHOW -- Pratt & Whitney, an RTX business, has announced more than 800 GTF engine orders and commitments, including spare engines, since the beginning of 2023.

Key Points: 
  • PARIS, June 21, 2023 /PRNewswire/ -- PARIS AIR SHOW -- Pratt & Whitney, an RTX business, has announced more than 800 GTF engine orders and commitments, including spare engines, since the beginning of 2023.
  • Airlines and lessors who have announced orders include Azorra , CALC, Carlyle Aviation Partners, Binter , Croatia Airlines , LATAM Airlines , Qantas Airways , United Airlines and Volaris .
  • In total, more than 10,000 GTF engine orders and commitments have been placed by more than 90 customers worldwide.
  • "The GTF engine offers unmatched economic and environmental benefits, and these latest orders are a testament to the value it delivers to customers," said Rick Deurloo, president of Commercial Engines at Pratt & Whitney.

Cardless Announces $75 Million Credit Facility From i80 Group

Retrieved on: 
Tuesday, May 16, 2023

SAN FRANCISCO, May 16, 2023 /PRNewswire/ -- San Francisco-based financial technology firm, Cardless, Inc. today announced a new debt deal with i80 Group, securing a three-year $75 million credit facility. The deal is a warehouse facility that will enable Cardless to fund customer receivables, growth, and continue its work with large, globally recognized brands.

Key Points: 
  • SAN FRANCISCO, May 16, 2023 /PRNewswire/ -- San Francisco-based financial technology firm, Cardless, Inc. today announced a new debt deal with i80 Group, securing a three-year $75 million credit facility.
  • The deal is a warehouse facility that will enable Cardless to fund customer receivables, growth, and continue its work with large, globally recognized brands.
  • As Cardless innovates to meet the needs of consumer credit, the i80 debt facility offers flexibility to meet the growing demand for its co-branded credit card products.
  • "With this credit facility, we are continuing our work with top-tier partners such as LATAM Airlines, Simon Property Group, American Express, and Liverpool Football Club as well as expanding avenues for co-branded credit card solutions."