LATAM Airlines Group has emerged from its US Chapter 11 restructuring process, with its reorganisation and financing plan taking effect on 3 November as previously scheduled. The US bankruptcy court for the Southern District of New York on 18 June had approved the Chile-based group's reorganisation and financing plan. In accordance with the terms of the plan, LATAM's board will on 15 November hold an extraordinary shareholders' meeting to proceed with the "total renewal of the company’s board of directors", it states in a 3 November filing to the US Securities and Exchange Commission. LATAM and its affiliates in Chile, Peru, Colombia and Ecuador on 11 May 2020 filed for Chapter 11 amid a near-shutdown of global aviation in the early months of the pandemic. The group shuttered its Argentinian affiliate on 17 June, and on 9 July 2020 included its Brazilian affiliate in the Chapter 11 filing.

Turboprop manufacturer ATR improved its financial performance during 2022's first nine months despite lower deliveries than in the same period last year. Alessandra Genco, finance chief of shareholder Leonardo, said during a third-quarter results briefing on 3 November that ATR had delivered 10 aircraft during the January-September period, down from 16 a year earlier. She adds that the Toulouse-based airframer – jointly owned by the Italian aerospace group and Airbus – has been affected by supply-chain delays. Despite the headwinds, ATR reduced its EBITA loss during the period, to €4 million ($4 million), from €25 million a year ago. "ATR's partial recovery and improved financial performance was helped by the efficiency plan and the signing of a customer settlement," Genco says. Leonardo's aerostructures division, meanwhile, made an EBITA loss of €134 million, 7.2% worse than that incurred a year earlier. Revenue declined 13% to €351 million. However, the division’s order intake grew 14% to €342 million. This was mainly driven by Airbus A220 and A321 orders and the Euromale military UAV programme. Low volume of Leonardo's supplies for the Boeing 787 programme has been partially offset by increased activity for Airbus's narrowbodies, Genco says. She predicts that 787 activities will start to recover during the fourth quarter. Boeing resumed 787 deliveries in August. "Aerostructures saw a gradual recovery in line with our plan," Genco says, adding that the division’s performance is "so far on track". She predicts a "full-year improvement" from the division's €203 million EBITA loss in 2021. Leonardo targets breakeven for its aerostructures division in 2025.

Korean Air plans to ground its Airbus A330 fleet in stages to conduct comprehensive safety checks following two safety incidents involving the type within the span of a week, amid a safety overhaul ordered by South Korea's transport ministry on all the nation's airlines. Korean Air president Woo Kee-Hong said the airline's fleet of 30 A330s will be grounded in stages for detailed inspection, in remarks captured in the minutes of a 2 November emergency meeting convened by South Korea's Ministry of Land, Infrastructure and Transport to address safety concerns. Two of Korean Air's A330-300s were involved in two separate incidents within the span of one week. On 23 October, a Korean Air A330-300 overran the runway while landing in bad weather at Mactan-Cebu International airport in the Philippines. The aircraft sustained damage to the front wheels and fuselage and was later written off. In a 2 November report by local news agency Yonhap, the airline confirmed a second incident on 30 October, when another A330-300 bound for Sydney was mid-air when one of the engines failed, prompting the aircraft to return to Seoul. Woo said at the meeting that the flag carrier will retire six examples that it owns and will conduct its inspection of the remaining 24 examples in five batches. Data shows Korean Air has a fleet of 30 A330s, including four in storage and one written-off due to the recent accident. Nearly two-thirds of the A330 fleet are above 20 years old, and these include three A330-200s, five A330-300s, including the written-off example involved in the runway excursion, and 11 A330-300Xs. Over the next two weeks, the ministry will focus on reviewing Korean Air's flight crew training and certification, as well as maintenance and management of major aircraft systems such as engines. Woo said the airline was taking the recent incidents involving its A330s "very seriously" and sought to address safety concerns by detailing steps it was taking to review existing safety systems and procedures, adding it will also commission an external review. He says the airline plans to "thoroughly analyse, inspect and improve safety factors throughout the entire process" and "will classify the issue as urgent and execute immediate action". Woo also highlighted the airline's plans to modernise its fleet, saying it has invested W540 billion ($380 million) on aircraft, engines and simulators for the current year, and plans to spend another W1.4 trillion for aircraft and W64 billion on engines in 2023. The carrier also plans to invest about W1.5 trillion in the maintenance activities, including W400 billion to secure spare engines and parts. The recent safety incidents has spurred the ministry to scrutinise airlines' safety standards across the board. The ministry will conduct “special safety inspections” for all 11 Korean carriers by 24 November, as airlines prepare to return to normal levels of international flying. This includes returning of furloughed airline employees and operational readiness of overseas airports.