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MercoPress, en Español

Montevideo, November 22nd 2024 - 06:57 UTC

Tag: Juan Jose Cueto

  • Friday, April 22nd 2016 - 06:37 UTC

    Cueto group takes major loss because of Latam Airlines performance problems

    Juan José Cueto, CVA president, in a letter to shareholders reported that the situation can be traced to the group's investment in Latam Airlines Group

    Latam Airlines Group, made up of Chilean and Brazilian investors, ended last year with losses of 219 million dollars. However during the same period the Cueto family investment group, identified as Costa Verde Aeronautica, CVA, suffered even higher losses, 414 million dollars, mostly because of the performance problem of the largest Latin American airline.