LATAM Files for Bankruptcy
05-26-2020 | 03:59 AM
#1
Thread Starter
Gets Weekends Off
Joined: Dec 2005
Posts: 4,054
Likes: 24
From: 7ER B...whatever that means.
LATAM Files for Bankruptcy
Just what it says on the tin... LATAM becomes the largest airline to file for bankruptcy amid the Covid19 pandemic. Besides the loss of value for Delta's $2B/20% stake, I wonder what this means for DL's South American strategy going forward.
Reuters: LATAM Airlines Bankruptcy
Reuters: LATAM Airlines Bankruptcy
05-26-2020 | 05:04 AM
#5
Thread Starter
Gets Weekends Off
Joined: Dec 2005
Posts: 4,054
Likes: 24
From: 7ER B...whatever that means.
Agreed. I found the timing to be eyebrow raising to say the least.
05-26-2020 | 05:05 AM
#6
Moderator
Joined: Sep 2011
Posts: 8,401
Likes: 1,446
Maybe I misread the Forbes article? (Couldn’t get the link to copy of FB)
“The four A350s were part of Delta and LATAM’s 2019 partnership agreement that also saw Delta takeover 10 of LATAM’s future A350 deliveries. The change involving the 10 A350s was reflected in Airbus’ March orderbook.”
“The four A350s were part of Delta and LATAM’s 2019 partnership agreement that also saw Delta takeover 10 of LATAM’s future A350 deliveries. The change involving the 10 A350s was reflected in Airbus’ March orderbook.”
05-26-2020 | 05:06 AM
#7
Gets Weekends Off
Joined: Dec 2009
Posts: 2,058
Likes: 2
From: Capt
05-26-2020 | 05:11 AM
#8
Can't abide NAI
Joined: Jun 2007
Posts: 12,078
Likes: 15
From: Douglas Aerospace post production Flight Test & Work Around Engineering bulletin dissembler
Unsubstantiated Rumors from a few of us massively displaced Airbus crowd are:
(1) Trump administration and Boeing have some sort of "drug deal" to fix Boeing via a purchase through Delta
(2) The financing of Delta's current fleet commitments are part of a package that can't be broken apart without a huge increase in costs.**
As most industry watchers are aware, interest rates for airline financing have skyrocketed.
----
Opinion on unsubstantiated rumors:
- I think crew resources is told to hit a number six months from now, regardless of how fast we might think the market is coming back. They have not been given flexibility in hitting very specific cost goals. In this world a pilot going 320/737/320 in less than a year makes sense.
- I get uncomfortable with the government owning and directing the means of production.
(1) Trump administration and Boeing have some sort of "drug deal" to fix Boeing via a purchase through Delta
(2) The financing of Delta's current fleet commitments are part of a package that can't be broken apart without a huge increase in costs.**
As most industry watchers are aware, interest rates for airline financing have skyrocketed.
----
Opinion on unsubstantiated rumors:
- I think crew resources is told to hit a number six months from now, regardless of how fast we might think the market is coming back. They have not been given flexibility in hitting very specific cost goals. In this world a pilot going 320/737/320 in less than a year makes sense.
- I get uncomfortable with the government owning and directing the means of production.
05-26-2020 | 05:33 AM
#10
seeing the country...
Joined: Oct 2006
Posts: 4,026
Likes: 50
From: 73N A
Ugh:
Delta Cancels A350 Purchase From LATAM, Continues Joint-Venture Despite LATAM’s Chapter 11 Bankruptcy Filing
https://www.forbes.com/sites/willhor.../#56af3fcd3391
Delta Cancels A350 Purchase From LATAM, Continues Joint-Venture Despite LATAM’s Chapter 11 Bankruptcy Filing
https://www.forbes.com/sites/willhor.../#56af3fcd3391
Thread
Thread Starter
Forum
Replies
Last Post
