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The Year Of The Latin American Startups - What Went Wrong?
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Like everyone else, we are ready for the new year to begin! 2020 has been a challenging year for all of us, yet we are thankful to all Zenith aircraft builders and flyers who have continued to support us during this ongoing pandemic, and we’re grateful to the entire Zenith Aircraft team for their dedication during these challenging times, allowing us to keep our doors open during this past year and to continue providing quality kits and service to the ever-growing number of customers across the country and around the world.
For many amateur aircraft builders, 2020 was a productive year. Many were able to dedicate more time to their kit projects and numerous Zenith projects were completed in home workshops during the year, making Zenith Aircraft the
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This year was, without a doubt, one we will never forget. The airline industry worldwide suffered and will continue suffering from the COVID-19 crisis. Latin American airlines were exempt, as some entered Chapter 11 reorganizations in the US, others disappeared altogether, but some are already thriving. Let’s do a quick recap of this past year.
Three of the main four Latin American airlines filed for a Chapter 11 bankruptcy in 2020. Photo: Getty Images
What it could have been
The International Air Transport Association (IATA) expected Latin American carriers to have a small profit in 2020. According to its 2019 results, airlines in the region were going to win, in total, US$100 million.