LAN airlines will buy 52 new airplanes over the next five year, increasing their air fleet by 83%. The airline will invest approximately US$ 2.6 billion from 2007 to 2011 to improve services and purchase the new planes. By 2011, LAN will operate 115 planes ÃÂ¢€” 102 passenger planes and 13 cargo planes.
An estimated one thousand workers resumed Monday their jobs at the controversial Botnia-Orion pulp mill under construction in Fray Bentos, Uruguay, following the accidental death of a worker last week at the plant.
In a new study released this week by the World Economic Forum (WEF), Chile ranked 31 on a list of 122 countries for efficient use of information and communication technology. Only four Latin American countries made the top 50, of which Chile was the leader.
A French consortium headed by Alstom was the only candidate left in the race for the ambitious project of President Nestor Kirchner's administration of a high speed train linking the capital Buenos Aires with the country's main two cities, Rosario and Cordoba.
Brazilian budget airline Gol announced it will buy struggling rival Varig for 275 million US dollars, (98 million cash), once Brazil's proud flag carrier.
President Hugo Chavez said China is set to rival the United States as Venezuela's top oil buyer as he announced new plans with the Asian powerhouse to jointly ship oil, build refineries and expand crude production.
Sales of new homes in United States dropped for the second month in a row this year, 15.8% in January and 3.9% in February, according to the Commerce Department.
The Uruguay/Argentina controversy over the construction of pulp mills escalated another step Monday when the Finnish company Botnia, next to Uruguayan government officials, announced in Montevideo the plant would begin production next September, which is a month before presidential elections in Argentina.
China's largest domestic automaker announced Friday the opening of an assembly plant in Uruguay with an Argentine partner, marking the first investment by a Chinese company in an auto factory in South America.
Chilean companies are set to continue a long-established trend of investing in other Latin American countries in 2007 as they outgrow their home market, with Colombia the preferred destination and retailers the biggest spenders according to the latest report from the Santiago Chamber of Commerce.