LATAM Airlines shareholder to exit Chile investment vehicle

LATAM Airlines shareholder to exit Chile investment vehicle

LATAM Airlines Chile Boeing 787-9 Also on ch-aviation

British Airways , Air Canada , and Deutsche Bahn (DB), the German rail operator, have reached an out-of-court settlement in a longstanding air freight price-fixing cartel dispute before the Cologne Regional Court. The parties agreed to keep details of the settlement, including the amount, confidential, DB said in a statement.

The case relates to the decision by the European Commission in 2010 to impose fines of almost EUR800 million (USD970 million) on 11 air freight operators for illegal agreements on fuel and security surcharges. The carriers coordinated their actions on surcharges for fuel and security without discounts over a six-year period (from December 1999 to February 14, 2006). Lufthansa (LH, Frankfurt Int’l ) (and its subsidiary Swiss (LX, Zurich )) received full immunity from fines under the Commission’s leniency programme, as it was the first to provide information about the cartel.

In 2013, DB subsidiary DB Barnsdale AG brought damages claims of EUR3 billion (USD3.6 billion) in the Cologne Regional Court against the companies involved, including Air Canada , Air France – KLM Royal Dutch Airlines …

SAS Scandinavian Airlines (SK, Copenhagen Kastrup ) retired the last of its eight A340-300 s on December 1, 2020. OY-KBM (msn 450), which was withdrawn from revenue service at the end of May 2020, was ferried from Copenhagen Kastrup via Tucson Int’l to Marana , Flightradar24 ADS-B data shows. The aircraft, which was owned by SAS, will be scrapped.

The ch-aviation fleets history module shows that the Scandinavian airline took delivery of seven brand new A340-300s in 2001-2002. It subsequently added the eighth unit, LN-RKP (msn 167), as a second-hand aircraft from LATAM Airlines (LA, Santiago de Chile Int’l ). The retirements of the type started in 2019 and were accelerated by the COVID-19 pandemic. Only three aircraft remained active after March 2020.

SAS is in the process of renewing its long-haul fleet with A350-900 s, of which it already has four and is awaiting deliveries of a further four on firm order from Airbus . SAS’s widebody fleet also includes nine A330-300 s.

SAS was one of the world’s most…

Kenya Airways (KQ, Nairobi Jomo Kenyatta ) is set to join its regional rival Ethiopian Airlines (ET, Addis Ababa ) in transforming its B787s into makeshift freighters, Chief Executive Allan Kilavuka told Kenya’s Business Daily Africa.

The Kenyan national carrier has already secured lessor approval to remove seats from […]

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