Air Transport World

Latin America report. (News Briefs).(includes, Aerolineas Argentinas reaches agreement with creditors)

Aerolineas Argentinas reached a deal with most of its creditors to restructure its debt just one year after it flirted with insolvency. It posted an operating profit in July, the first in 25 years, and will cut its 2.5 billion peso ($684.2 million) debt by 60% over a two-year period. The agreement is awaiting court approval.

KLM and TAM will begin code-sharing on the route between Sao Paulo and Buenos Aires with the start of the winter schedule subject to government approval. TAM will operate the six weekly flights using A330s that will connect with KLM's six weekly services between Amsterdam and Sao Paulo.

BWIA announced a restructuring plan that calls for changes in fleet rationalization, new work rules and staff concessions, which the airline said will yield a savings of $1 million a month. …

Log in to your account to read this article – and millions more.