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.
The recent statement entitled ‘Progress made towards establishing a second commercial Falkland Islands air link’ released by the Falkland Islands Government has met with a mixed reception in the Islands. While some have expressed favor others have reservations and questions.
A statement entitled ‘Progress made towards establishing a second commercial Falkland Islands air link’ released last week by the Falkland Islands Government, but too late for publication in the Penguin News, has met with a mixed reception in the Islands. While some have expressed favor others have reservations and questions as witnessed by readers’ letters in this Friday edition.
By Ernesto Talvi - Center-left and populist governments' hegemony in Latin America for most of the last decade now seems to be coming to an end, with center-right parties rising to power in Argentina, Brazil, Guatemala, Paraguay, and Peru.
Spain has, for the first time ever, asked the annual Iberian-Latin American Summit for its support on the Gibraltar sovereignty question. It has asked the Colombian Government, as the organizers of the 28/29 October event to circulate the text for the summit to adopt a resolution for the resumption of sovereignty talks over Gibraltar.