South America

Spanish carrier Air Europa said that it will resume flights to Caracas from Madrid in this month. The service was suspended last November due to rising tensions between the United States and Venezuela. The airline has scheduled flights between Madrid and Caracas for the 17th, 20th and 22nd of February but has not said when it will resume its regular five-weekly flights. Air Europa was among a list of airlines who halted flights?towards and from Venezuela, after the U.S. Federal Aviation Administration issued a warning of a "potentially dangerous situation" while flying over 'the country. This warning came long before...

Brazilian airline 'Azul' secured $1.37billion in a bond issuance, the company said in a filing on Friday. This is a crucial step towards exiting Chapter 11 bankruptcy proceedings. The firm stated that the coupon for the secured notes due in 2031 was set at 9,875%. It added that the issue is expected to be completed on February 6. The transaction exceeded the $1.21 billion that was initially anticipated, with a demand of more than $9 billion. Two sources who are familiar with this matter also said that the yield on the issue was 10.125%. Azul announced last week that it...

American Airlines announced on Thursday that it will resume flights? daily? Service to Venezuela is subject to government approval and security assessments. This comes just weeks after the U.S. military captured Venezuela's leader. After a meeting with Delcy Rodriquez, the acting president of the United States, Donald Trump asked the Transportation Department on Thursday to lift the restrictions currently preventing U.S. flights. Trump stated that "American citizens can go to Venezuela very soon, and will be safe." American has suspended its service in 2019 following the U.S. ban on flights. The United States attacked Venezuela earlier this month and captured...

Satena, the state-run airline, said that a plane crash occurred in northeastern Colombia on Wednesday, killing all 15 people aboard, including a local politician. Satena said that the Beechcraft 1900 turboprop twin-engined plane took off from Cucuta before noon, near the Venezuelan border, for a short trip to Ocana. The carrier said that 12 minutes into the flight the air traffic control lost contact. Satena said that the emergency beacon on the plane 'had not been activated. According to the airline's?passenger listing, the flight carried Diogenes Quintero, members of his team, and Carlos Salcedo - a Congress candidate ahead of...

Air Canada announced Wednesday that it has expanded its winter 'network' to Europe and Latin America. The airline will begin new flights from December of this year to Ecuador's capital Quito using the Boeing 787 Dreamliner. Airlines in North America are increasingly relying upon premium cabins, business travel and loyalty programs to increase their bottom line. Mark Galardo is president of cargo for Air Canada. "We will continue our'strategic' expansion into Latin America by taking advantage of the continued demand strength and cargo opportunity, and leveraging a brand new Airbus A321 XLR Base at our Toronto-Pearson Global Hub to enable...

Delta Air Lines announced on Tuesday that it will purchase 31 Airbus widebody jets as part a long-term strategy to modernize its international fleet, and support future growth. Delivery will begin in 2029 on 16 A330-900s as well as 15 A350 900s. Delta announced that the deal includes a new order, the conversion of ten previously held options to?firm purchase' and options for an additional 20 widebody aircraft. Delta has been focusing on newer, more fuel-efficient aircraft to reduce fuel burn?and gradually replace older Boeing 767s and early-generation Airbus A330s following the retirement of its?777 fleet. Delta is focusing on...

Embraer, the Brazilian planemaker, aims to return annual deliveries to prepandemic levels (around?100 units) within the next two-years and then continue to grow following a recent "boom" in orders for its regional aircraft. Embraer's plan for the next 24 month calls for an increase in deliveries and production of up to 30% compared to last year when it delivered just 77 commercial jets - barely meeting its forecast of between 77 and 85 units. Arjan Meijer CEO of Embraer Commercial Aviation said that the first goal is to return to 100 deliveries. However, with the current demand and sales results,...

A?source who has direct knowledge of this matter said that the aerospace and defence company owned by billionaire Gautam?Adani and Brazil's Embraer would announce a tie up?next?week to assemble commercial planes in India. This will boost?the civil aviation industry?of India. The Indian government has been urging planemakers to manufacture jets in India for years, citing over 1,500 orders from Indian carriers. Assembling commercial aircraft in India will be a major win for them. Planemakers have resisted this until now, arguing that the "business case" did not make sense. Adani Aerospace signed a Memorandum of Understanding with Embraer to establish a...

Four sources said that the U.S. government has filed court warrants for the seizure of dozens of more tankers connected to the Venezuelan trade. Washington is consolidating control over oil shipments into and out of this 'South American country. In recent weeks, the U.S. Coast Guard and military seized five vessels that either carried Venezuelan oil in international waters or had done so previously. The seizure was part of Washington’s campaign to remove Venezuelan President Nicolas Maduro from power, which culminated with U.S. troops capturing him on Jan. 3. The administration of Donald Trump has stated that it intends to...

Delta Air Lines, on Tuesday, forecast a 20% increase in earnings by 2026, citing strong corporate and consumer demand, as well as rising sales for premium travel. The airline also announced that it had agreed to purchase 30 Boeing 787-10 aircraft to bolster its long-haul fleet. The shares of the airline fell by nearly 5% during premarket trading, as the forecasts were largely "below" estimates. As lower-income consumers are under pressure due to inflation and a weaker purchasing power, the airline is benefiting from a resilient demand from higher-income travelers. This divergence was apparent in the December quarter when the...

Delta Air Lines, which has a long-haul fleet, forecast a 20% increase in earnings by 2026. It cited strong corporate and consumer demand, as well as rising sales. As lower-income customers are under pressure due to 'inflation' and a weaker purchasing power, the airline is benefiting from a resilient demand from higher-income travellers. This divergence was apparent in the December quarter when the overall passenger revenue increased by just 1%. However, this masked a growing gap within the cabin. The revenue for main-cabin tickets fell by 7% compared to a year ago, but revenue from premium products grew by 9%....

These are the most popular stories from the Wall Street Journal. These?stories have not been verified and we cannot vouch for their accuracy. U.S. prosecutors have opened an investigation into Federal Reserve chair Jerome Powell for his testimony about the renovation of the building at the Federal Reserve Bank last summer. Allegiant Travel has reached a deal worth $1.1 billion to purchase Sun Country Airlines. This is despite the fact that budget airlines in the U.S. are facing stiff competition from their larger competitors. Walmart plans to expand drone deliveries to '150 more stores in the next year, with a...

Police said that at least 10 people died and several others were seriously injured when a bus fell 'about 100 metres (330 feet) into a ravine in Bolivia's mountains on Thursday night. Residents and authorities in the Camacho Province, north of La Paz's capital, worked long hours to rescue those trapped by the crash. Images shown on local television and social media showed the extent of the tragedy, including the bodies of victims, as well as injured passengers, some of whom were minors. Local media reported that emergency teams evacuated survivors from the crash and transported them to hospitals. Local...

Traders and LSEG data show that Russia has increased its naphtha exports to STS and port storage hubs, as key buyers reduce imports due to?Western sanction pressure. Since the European Union's full embargo against Russian oil products went into effect in February 2023?,?most? of?Russian naphtha is being directed towards the Middle East and Asia. India and Taiwan were among the largest Asian buyers. However, recent U.S. sanction have caused both countries to withdraw. According to LSEG, Taiwan hasn't imported Russian naphtha from the beginning of 2026. This compares with 2.7?million tonnes in 2025. Shipping data showed that traders were avoiding...

Analysts say Argentina could surpass the record energy trade surplus of last year in 2026. This is due to infrastructure improvements that have improved the country's ability to ship oil from Vaca Muerta shale formation. Analysts said that the 2026 energy surplus could be between $8.5 billion and $10 billion. This would be largely dependent on oil production. Argentina's government is aiming to boost energy exports while reducing its dependence on imported natural gas. It also wants to strengthen the central bank reserves, increase foreign currency inflows, and boost investor confidence. Argentina's government posted a record $7.8 billion energy surplus...

Data from LSEG and market sources showed that Russia's seaborne gasoil and diesel exports increased 19% over the previous month. This was due to a seasonal decline in domestic demand, which prompted traders to ship out more. The data shows that exports were 4,6% lower than in January 2025, as drone attacks, maintenance and other factors affected the output. Sources said that the shipment of ultra-low sulphur diesel through the Baltic port Primorsk - Russia's largest port for?diesel imports - jumped 32.4% in one month, to a new record of 2.256 million tonnes, supported by an increase in production. The...

A lawyer for the wife of the captain said that the captain was taken from British territorial waters to a U.S. Coast Guard vessel. U.S. Coast Guard and U.S. Military Special Forces, with a judicial seize warrant, captured the Russian flagged Marinera on the Atlantic Ocean near Iceland, after pursuing the vessel for over two weeks, as part of Washington’s efforts to stop Venezuelan oil exports. The tanker was then moved to an area?off of the coasts of Scotland. Aamer Anwar is the lawyer for Natia Dzadzama's husband, Avtandil Kalandadze. COURT ORDER REVOKED Anwar stated that on Monday, the Scottish...

Two sources reported that Russian crude oil cargoes dated February Urals traded in Indian ports at discounts close to the largest since 2022 compared with dated Brent, amid increased pressure from Western sanctions. The two sources claimed that the 'cargoes' of Urals oil to be supplied in February will trade at a discount of $10 per barrel compared to Brent for delivery to Indian ports. This is a rise from the estimated cargoes loaded in the fall months last year by $3-5 per barrel and close to the largest discount ever recorded. The U.S. targeted oil majors Lukoil & Rosneft...

Three executives present at the meeting claim that U.S. Energy Sec. Chris Wright informed oil company executives in Washington on Wednesday "that Venezuela's production can increase 30% from its current?900,000.?barrels a day within the short to medium term." U.S. president Donald Trump has asked U.S. oil executives for $100 billion in order to improve Venezuela's oil industry. This is a major goal of Washington following the capture of Venezuelan leader Nicolas Maduro by U.S. forces earlier this month. Venezuela's oil production has plummeted due to years of underinvestment and sanctions. In the 1970s, Venezuela produced 3.5 million barrels per day...

The U.S. Military said that it had seized an?oil tanker linked to Venezuela on Tuesday in Caribbean. This is the seventh apprehension of this kind since the start of U.S. president Donald Trump's campaign for a month to control Venezuelan oil flows. In a statement, the U.S. Southern Command, which oversees nearly a dozen ships and thousands of soldiers in the Caribbean, stated that it had apprehended Motor Vessel Sagitta without incident. The statement said: "The arrest of another tanker that was operating defying President Trump's quarantine established for?sanctioned ships in the Caribbean shows our determination to ensure that only...

The Canadian oil tycoon, who is the head of one of North America’s fastest growing?oil firms, wants his country to offer its expertise in heavy-oil to the United States to help rebuild Venezuela’s?oil sector. Adam Waterous is one of Canada's most active oil industry dealmakers, and executive chair of Strathcona Resources. His comments show a surprising willingness for him to support Donald Trump, despite the trade war he has with Canada, and the possibility that Venezuelan crude could displace some Canadian petroleum on the U.S. oil market. Canada is the fourth largest oil producer in the world. It is also...

The oil prices continued to rise on Tuesday as heightened concerns about the major Iranian producer and possible supply disruptions overshadowed the?prospects of an increased crude supply coming from Venezuela. Brent futures rose $1.20 or 1.9% to $65.07 per barrel at 1150 GMT. This is the highest Brent has been since mid-November. U.S. West Texas Intermediate Crude climbed $1.23 or 2.1% to $60.73. John Evans of PVM Oil Associates said, "The oil markets are building some price protection to counter geopolitical factors." Evans highlighted the possible exclusion of Iran’s?exports as well as the problems in Venezuela, the talks about the...

The head of the government’s investment promotion agency told an interviewer on Wednesday that Peru may consider'seeking private firms to invest in the state-owned oil company Petroperu, including its $5.6 billion Talara refinery. Luis Del Carpio of Proinversion said that cash-strapped Petroperu will also seek private capital to build a 1,100-kilometer (684-mile) oil pipeline in the north of the nation, known as the Norperuano pipe, which is currently inactive. Petroperu has received government funding for many years, totaling $5.3 billion between 2022-2024. Just before the New Year, a reorganization of assets was approved. Del Carpio stated that an increase in...

Mark Carney, the Prime Minister of Canada, said on Tuesday that Canadian crude oil was low-risk and would remain competitive even if production?in Venezuela rose after President Nicola Maduro's capture by the U.S. U.S. president Donald Trump said that American oil companies were prepared to enter Venezuela and invest billions of dollars to restore production. Venezuelan crude oil is similar in weight to the heavy oil produced in Canada's sands. Some analysts speculate that Canadian products?could be eventually displaced. Carney said that a functioning Venezuelan economic system would increase?oil production and stability in the Western Hemisphere. He said this was...