Latin America

ASUTIL negotiating border allowances and transaction fees in Brazil, as it works on behalf of LATAM industry struck by COVID travel bans

South American Duty Free Association ASUTIL (Asociación Sudamericana de Tiendas Libres) has been working diligently on a number of issues critical to the industry in South America, in addition to its efforts to help com-bat the results of the travel halt from COVID-19. ASUTIL Secretary General José Luis Donagaray informed media that the Association has been […]

ASUTIL’s Donagaray promises “We are Walking” as he pledges assistance to LA industry at latest regional webinar

Speakers at the latest monthly webinar hosted by South American Duty Free Association ASUTIL continued to paint a dire picture of the travel industry in Latin America and the impact of COVID-19, with forecasts of air traffic for the full year predicted to be down more than 50%. But ASUTIL Secretary General José Luis Donagaray […]

Aeromexico files for bankruptcy protection

Grupo Aeromexico SAB, Mexico’s second-largest airline, filed for bankruptcy in the U.S., the fourth Latin American carrier to seek the Court’s protection after the COVID-19 pandemic caused a severe downturn in travel, reports Bloomberg. In a message on the Aeromexico website, CEO Andrés Conesa said: “We have initiated a voluntary procedure to implement a financial restructuring […]

OAG: Shake up in South America aviation

In its June 25th coronavirus update report by Becca Rowland, OAG Aviation World-wide points out that while aviation is “reeling” around the world, South America’s carriers are not receiving the significant government support that North America and Europe have seen for airlines. This will be an important factor in how the industry on these continents will emerge from the […]

Experts at ASUTIL webinar predict no recovery until 2021 in Latin America; could take years to reach pre-COVID levels

By John Gallagher   Two economists speaking at an ASUTIL-hosted webinar last week predict that Latin America is unlikely to see any recovery from the current crisis before 2021, and that it could take the region’s two major powers longer than that to even reach pre-COVID levels. Economists Tatiana Pinheiro from BNP – Paribas from […]

ASUTIL takes to the press in appeal for government assistance to save regional travel retail industry

South American Duty Free Association ASUTIL turned to one of Uruguay’s leading newspapers, El País, to add weight to its plea to local governments for assistance during the COVID-19 crisis, with requests to use e-commerce to sell to a domestic consumer and to Brazilians. ASUTIL Secretary General Jose Luis Donagaray, speaking with media during a virtual news […]