Jazz Air Income Fund has agreed to invest 15 million US dollars for an indirect stake in Uruguay's flagship carrier, Pluna. The fund behind Air Canada's regional affiliate, Jazz Air, said that it will get a one-third, non-voting interest in Latin American Regional Aviation Holding Corp., which owns 75% of Pluna Lineas Aireas Uruguayas. The remaining 25% of Pluna is held by the government of Uruguay.
Electoral reform is shaping up as the key issue in determining what sort of government would emerge in the UK if the May 6 General Election results in a hung Parliament. Liberal Democrat leader Nick Clegg indicated that a deal on proportional representation would be essential to any pact if his party holds the balance of power, describing it as an “absolute pre-condition” for renewal of Britain.
The newest addition to the P&O fleet the magnificent Azura sailed into Gibraltar on Sunday. The 289.60 meter vessel with 17 decks high, carrying 2.816 passengers and 1.241 crew members arrived in port at 12:30hrs reports the Gibraltar Chronicle.
All three British major political parties are failing to come clean on spending cuts that will need to be at least as deep as the 1970s, a leading think tank warned Tuesday. Repairing the public finances will be the 'defining domestic policy task of the next government', the Institute for Fiscal Studies said at a special election briefing.
The International Air Transport Association (IATA) openly supported the announcement by the European Commission of a comprehensive program to provide relief to the air transport sector in the aftermath of extra-ordinary airspace closures resulting from the ash plume of an Icelandic volcano.
Venezuela is an extremely important factor for the social and economic development of the region and Brazil will insist upon Paraguay on the need for the approval of Venezuela’s incorporation as full member of Mercosur, stressed Senator Romero Juca from the Brazilian ruling coalition.
Brazil’s government may take additional steps to limit gains in the local currency Real should advanced economies favor policies that keep their currencies weak, Finance Minister Guido Mantega said.
A US judge denied requests by a class of mostly individual bondholders to suspend or disapprove of Argentina's 20 billion US dollars debt swap.
Brazil’s next government will need to be “very serious” about keeping inflation within its target range so real interest rates can continue to fall, Central Bank President Henrique Meirelles said.
Argentina’s Deputy Economy Minister Roberto Feletti said the Government “will not accept economic policies to be dictated” by the International Monetary Fund (IMF) and added that country's statistical information is “trustworthy and solid.”