Outgoing President Michel Temer issued an executive order that allows foreign groups to own 100% of a Brazilian airline. Previously, non-Brazilians were limited to 20% of shares. The decision occurs in the midst of a bankruptcy proceeding filed by Avianca Brasil.
While the relationship between the UK and Argentina is changing, the UK commitment to the people and sovereignty of the Falklands is unchanging, assured Prime Minister Theresa May in her Christmas speech to the Falklands.
Foreign Office minister for the Americas, Sir Alan Duncan praised as historic the UK/Argentina agreement on a second commerical flight between the Falklands and the region.
The governments of Argentina and the United Kingdom reached an understanding to establish a second commercial air link to the islands, the Falkland Islands Government (FIG) confirmed on Tuesday followed by an official statement of the embassy of Argentina in the United Kingdom.
Chilean airline LATAM has plans to lay off some 1,200 airport-based employees in Brazil and replace them with workers from a services company in an apparent cost-cutting measure, according to a report in O Estado de S. Paulo on Wednesday. LATAM confirmed there would be redundancies but would not give an exact number.
With this year's sell-off in emerging markets assets hasn't just dented investor returns and confidence, but also weighed heavily on global companies with exposure to developing economy currencies. One that is LATAM Airlines, by far South America's biggest carrier and among the world's largest by network connections.
The Falkland Islands has had its best season for land-based tourism for 10 years, and the second best ever, with leisure tourist arrivals increasing by 14.9% compared to the previous season.
The union of cabin workers for LAN Express, a subsidiary of Chile-based LATAM Airlines group, unilaterally said on Thursday that they would revert back to previous working conditions after 17 days of strike that had led to the cancellation of 2,000 flights.
LATAM Airlines will cancel or reschedule flights in Chile between April 10 and April 13 as a precaution while it continues to negotiate with a union of flight attendants who have threatened to strike, the company said on Wednesday.
The Argentine foreign ministry said on Thursday that several airlines from Brazil, Chile and Uruguay have expressed an interest in making proposals for scheduled flights to the Falkland/Malvinas Islands with stops in Argentine territory.