LATAM Airlines Group S.A. and its affiliates in Chile, Peru, Colombia, Ecuador and the United States initiated a reorganization and restricting of debt under Chapter 11 protection in the United States, in light of the disruption caused by the COVID-19 pandemic. The reorganization provides LATAM the ability to reduce debt, access new sources of financing and continue operations.
“LATAM entered the COVID-19 pandemic as a healthy and profitable airline group, yet exceptional circumstances have led to a collapse in global demand and has not only brought aviation to a virtual standstill, but it has also changed the industry for the foreseeable future,” said Roberto Alvo, chief executive officer, LATAM. “We have implemented a series of difficult measures to mitigate the impact of this unprecedented industry disruption, but ultimately this path represents the best option to lay the right foundation for the future of our airline group. We are looking ahead to a post-COVID-19 future and are focused on transforming our group to adapt to a new and evolving way of flying, with the health and safety of our passengers and employees being paramount.”
LATAM and its affiliates will continue to operate passenger and cargo flights, subject to demand and travel restrictions, and all current and future tickets, vouchers and frequent-flyer benefits will be honored.
Travelers interested in the trend of forest bathing have a new resource at their disposal. Forest Bathing Finder is an all-in-one website that connects forest bathing walkers with trained guides. Forest bathing guides list qualifications and venues, routes, walks and payment requirements for browsing forest bathers to then peruse.
Looking for a truly unique travel experience and considering a new vehicle? The Volvo Overseas Delivery Program is the perfect solution to create your own adventure of a lifetime. Volvo allows you to custom order your new automobile tailored to fit your needs and desires. They will fly you to Sweden to pick up your Volvo so you can drive and explore Scandinavia and Europe on your terms for up to two weeks.
At FXExpress Publications, Inc., we can’t wait to #ComeBacktoTravel, and we can’t wait for the travel industry and others to #ComeBacktoGT. Take a visual journey through Japan with us.
THERE’S NO DOUBT 2020 HAS BEEN AN UNPRECEDENTED year for the travel industry. As borders begin to reopen and destinations, hotels and airlines around the world prepare to welcome travelers once again, we’re celebrating travel and looking to the future as we congratulate the winners of our eighth annual Leisure Lifestyle Awards. This annual survey honors the best in the world of leisure and lifestyle travel, awarding goods, services, destinations, hotels, airlines and cruises.
The city took its name from Athena, goddess of wisdom, strategy and war, and protector of the city. The financial, political and administrative center of the country and an all-powerful city-state in antiquity, Athens is a major center of culture. A visit to the first-ever museum dedicated to Byzantium, a stroll around the National Garden and a trip to the Olympeion archaeological site will take you back through time.
Best Western Hotels & Resorts opened its third Aiden by Best Western. The Aiden brand is designed to give travelers boutique, modern, stylish and locally inspired stay experiences. The new property is situated in Warm Springs, Georgia, adjacent to the Warm Springs Hotel and Event Center.
According to the U.S. Small Business Administration’s Office of Advocacy, small businesses create two-thirds of net new jobs and account for nearly 48 percent of the U.S. private sector workforce. And small- and medium-sized businesses outpace all other sectors as one of the fastest-growing in the United States. InterContinental® Hotels Group (IHG) goes above and beyond to create opportunities for this segment with its IHG® Business Edge program, voted Best Small- to Mid-Sized Business Program in Global Traveler’s 2019 GT Tested Reader Survey awards.
The cruise industry responds to the COVID-19 pandemic with updates on cancellations and rebooking policies. Here’s an update.