LATAM Airlines Group appointed (25-Jun-2013) JP Morgan as global coordinator and BTG Pactual and Credicorpcapital as joint bookrunners in Chile and overseas on its USD1 bilion captial increase, approved by shareholders 11-Jun-2013. Law firm Claro y Cía was appointed as legal advisor in Chile, Sullivan & Cromwell LLP as legal advisor in the US and Machado Meyer Sendaez e Opice Advogados as legal advisor in Brazil. As previously reported by CAPA, LATAM plans to invest the proceeds in fleet expansion and to strengthen its cash position. [more - original PR - Spanish]
LATAM appoints JP Morgan, BTG Pactual and Credicorpcapital on USD1bn cap increase
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Qatar gives LATAM needed cash and a distant shareholder. Latin America is the smallest market by far for Gulf airlines, but while currently in the economic doldrums, has a longer term potential for growth. It is also a key future market for US airlines, albeit very small on the Gulf airlines' networks. Qatar is spending nearly EUR2.5 billion on equity investments, still smaller than Etihad's but illustrating a willingness to acquire airline assets, for investment and strategic reasons. In this case the immediate strategic purpose for Qatar is less apparent.
Star Alliance's privately owned Avianca is also considering a strategic shareholder; that would mean five of Latin America's eight largest airline groups could have an airline investor from outside the region.
All Nippon Airways: the A380's allocation to Honolulu is strategic, not a core network decision
The largest airport outside Asia with flights to Japan is, perhaps surprisingly, none other than Honolulu. Approximately 19 flights a day in 2016 depart Honolulu for Japan, creating a nearly hourly beach shuttle. Among all global airports Honolulu is eighth largest for international flights, outpaced by airports such as Taipei and Bangkok, but Honolulu still has more Japanese flights than Singapore, Manila or Kuala Lumpur.
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