The Brazilian government announced Monday investments equivalent to 3.2 billion US dollars to upgrade airports in anticipation of the 2014 World Soccer Cup, one of the most sensitive issues for the massive infrastructure needed to handle millions of visitors.
Thousands of passengers are facing long delays after airports in Scotland and Ireland closed because of a fresh cloud of volcanic ash from Iceland. Flights have been grounded in Glasgow, Prestwick and Derry since 0700 BST, while the airspace over Dublin, Belfast and Edinburgh has also since closed.
LAN (NYSE: LFL), Chile's dominant airline and flag carrier, announced Thursday it would invest 2.83 billion US dollars between 2010 and 2013 to expand its fleet. CEO Jorge Awad told a shareholder meeting the company would invest 500 million USD in 2010 and 1 billion USD in 2011 to purchase both short and long-haul aircraft.
Spanish tourism lost 252 million Euros over six days because of travel restrictions caused by the volcanic ash cloud which grounded air traffic in Europe, industry body Exceltur said on Wednesday.
The International Air Transport Association (IATA) sharply criticized Monday Euroepan governments for their lack of leadership in handling airspace restrictions in light of the Icelandic volcano eruption and urged a re-think of the decision-making process.