United Airlines has signed twenty firm orders for the Brazilian manufacturer Embraer E-175, which is configured to seat 70 passengers, with an option to acquire 19 more E-175. Total value of the order was put at US$ 1.9 billion, based on the current list price for the aircraft.
US aircraft giant Boeing got a welcome vote of confidence in its beleaguered 737 MAX plane on Tuesday when International Airlines Group (IAG), owner of British Airways, said it wanted to buy 200 of the planes.
Scandal-ridden Brazil construction giant Odebrecht, which has admitted to spending nearly US$ 800 million to bribe officials across Latin America to win contracts, filed for bankruptcy protection on Monday, judicial sources said.
Sotheby's is being bought by telecoms billionaire Patrick Drahi in a deal valuing the auction house at US$ 3.7bn. The company, which has been on the New York stock market for 31 years, will return to private ownership after a troubled period.
A massive blackout left tens of millions of people without electricity in Argentina, Uruguay, Paraguay and parts of Chile and southern Brazil on Sunday. The Argentine president called it an “unprecedented” failure in the countries' interconnected power grid.
The Brazilian government has formally asked the World Trade Organization (WTO) to open a panel to investigate Indonesian policies on Brazil's poultry exports, the Agriculture Ministry said on Friday.
Iran dismissed as “baseless” on Friday US accusations it executed twin attacks that left two tankers ablaze in the Gulf of Oman, raising fears of conflict in the strategically vital waterway.
Three more foreign airlines are in talks with the Brazilian government to start domestic flight operations in the country, Brazil’s infrastructure minister Tarcisio Gomes de Freitas told reporters.
Chinese telecoms giant Huawei is set to roll out its 5G service in several Spanish cities on Saturday, making it one of the first European countries with the ultrafast mobile phone network.
The Brazilian Air Force visited the Yuma Proving Ground (YPG) in the US a month ago to run a series of low-altitude cargo extraction tests as part of a certification process for their new cargo plane.