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WINGS OF CHANGE
01 October 2005
The Latin American Airline Association is working hard to standardize the Latin American aviation market and has succeeded in doubling its airline membership over the past two years. Alexandra Lennane reports.
Read more:
airline
Airlines
Aviation
Chapter 11
RJ; Delta; Northwest; Copa; TACA
The hurricanes pounding America's Caribbean coastline provide an unhappy metaphor for the present state of the continent's airline industry. Expected, but nevertheless destructive and traumatic, the climate, both natural and economic, is wreaking havoc on America's cities and airlines.
The two filings for bankruptcy protection in September, of Delta and Northwest, while mostly affecting northern and eastern regions of the US, reveal that aviation in the Americas is far from settled, with three other carriers also operating under Chapter 11, or 48% of total US airline capacity.
While America struggles to regain its balance in the post-9/11 operating environment, neighbouring Latin America is also trying to plan for the long term. Faced with high fuel costs, high taxes, lack of infrastructure investment, low passenger incomes, new budget airlines and mountains of debt, the industry is struggling to secure its future.
Juan Emilio Posada, chairman of the Latin American Airline...
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