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Latam Airlines to cut A350, 787 orders as Brazil traffic slumps

  La Paz / AFP Latam Airlines Group SA, the biggest carrier in South America, said a slump in Brazilian traffic means it’s likely to cancel or delay some of the 53 wide-body jet orders placed by constituent units before a 2012 merger. Latam is reviewing some of the 27 Airbus Group SE A350s going to Sao Paulo-based TAM and ...

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JetBlue trims growth plans on revenue woes

  Washington / Bloomberg JetBlue Airways Corp. cut its planned growth for this year, grappling with disappointing results for a key measure of revenue just as fuel prices threaten to crimp profit. The airline said it will increase flight and seat capacity between 8 percent and 9.5 percent this year, down from previous plans of as much as 10.5 percent ...

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India defers plan to raise FDI limit in civil aviation to 74%

  NEW DELHI / Tribune News Service The aviation ministry has decided to shelve a proposal to raise the foreign investment limit in Indian airlines to 74%. Foreign airlines are currently allowed to own as much as 49% in a local airline. The proposal to raise the foreign investment limit was part of the draft civil aviation policy, which is ...

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