South America

In a Friday statement, Brazil's State Development Bank announced that it had approved 1.7 billion reais (312,3 million dollars) of financing for the export to U.S. SkyWest Airlines of 13 Embraer airplanes. SkyWest will pay the financing in U.S. Dollars, BNDES stated, adding that aircraft should be delivered by the end of 2025 or late 2026. SkyWest, Embraer’s largest customer over the past few years, has placed a firm June order for 60 E175 aircraft valued at $3.6 Billion at list price. Options for another 50 jets were also included. Since 1997, BNDES has financed more than $26.7 billion worth...

According to Chinese consultants and trade sources, China has granted quotas to three more biofuel refiners for the export of sustainable aviation fuel. This could lead to an increase in exports to Europe. China's biofuel companies are building SAF plants in Europe, which is the second largest aviation fuel market. They also target the continent as their top export destination. The Chinese Ministry of Commerce is responsible for the quota system. It did not respond immediately to a comment request. According to a report by the Chinese commodities consultancy JLC, three sources in industry and commerce, as well as Shandong...

Gol Linhas Aereas Inteligentes SA, a Brazilian airline, has signed a lease agreement with Avolon Aerospace to lease five Airbus A330neo aircraft. The letter of intent also includes up to two more Airbus aircraft. Gol stated in a filing with the securities commission that deliveries are planned for 2026. The aircraft can be operated by any Abra company, including Colombian airline Avianca. The deal's value was not disclosed. The company said that the signing of contracts had no immediate impact on Gol's finances, and there were also no definitive commitments or investments for the Abra Group. Abra stated in a...

Brazilian airline Gol Linhas Aereas Inteligentes SA announced Monday plans to become private as part a corporate restructuring process. In a regulatory filing, the company, which emerged earlier this year from bankruptcy proceedings in the United States, stated that it intended to delist its shares from Brazilian stock exchange B3, although approvals from other shareholders are still required. In the restructuring, Gol Investment Brasil SA and the company will merge to form Gol Linhas Aereas. This company does not plan to list its shares. The incorporation is intended to reorganize operations, reduce costs, and seek synergies. Gol made its first...

Portugal's soon-to-be-privatised airline TAP is well-positioned to tap into strong growth potential in Brazil and Africa, Chief Executive Luis Rodrigues said on Wednesday. The airline offers flights to 14 African destinations, including Portuguese-speaking nations such as Angola or Mozambique. He said, "We're fortunate to be able to take on both (Brazil & Africa)", at the World Aviation Festival held in Lisbon. "Brazil's a promising nation, and there is still a lot of opportunity there," he said, pointing out that tourism only represents about 6% in Brazil, whereas it accounts for 16% in Portugal. Rodrigues stated that "Africa is larger than...

Venezuelan Defense Minister General Vladimir Padrino announced on Thursday that five fighter planes were detected near Venezuela's coast. He described this as an American threat. Padrino, speaking from an airbase, said that the imperialist planes were close enough to the Venezuelan coastline to be considered a threat. The comments were broadcast on the state television. He added that the information had been provided to a control center by a carrier. Padrino said that the presence of these planes near our Caribbean Sea was a vulgarity and a provocation, as well as a threat to national security. The Pentagon didn't immediately...

The French Court of Appeal will start a new trial Monday against Air France and Airbus, 16 years after the crash of a jetliner into the Atlantic that killed all 228 passengers. In 2023, a lower French court cleared the two companies of corporate murder following a landmark public trial on the June 1, 2009 disappearance of Flight AF447 en route between Rio de Janeiro and Paris. French investigators discovered that after a two-year hunt for the A330 black boxes, pilots mishandled temporary data loss from iced up speed sensors, and sent the jet into a free fall or aerodynamic...

The French Court of Appeal will start a new trial Monday against Air France and Airbus, 16 years after the crash of a jetliner into the Atlantic that killed all 228 passengers. In 2023, a lower French court cleared the two companies of corporate murder following a landmark public trial on the June 1, 2009 disappearance of Flight AF447 en route between Rio de Janeiro and Paris. French investigators discovered that after a two-year hunt for the A330 black boxes, pilots mishandled temporary data loss from iced up speed sensors, and sent the jet into a free fall or aerodynamic...

LATAM Airlines expects to receive its E195-E2 aircraft from Embraer "relatively soon" and to be able to add up to 30 new Brazilian destinations, according to a Friday statement by an executive. LATAM Brasil CEO Jerome Cadier said that a significant portion of the aircraft would be delivered by the end the year and another portion by 2027. The airline will decide in six months what routes the jets will serve. The Brazilian subsidiary of LATAM, a Chilean company, is the No. The No. 1 airline in terms of market share. The carrier announced Monday that it had placed a...

A filing late Thursday showed that the airline group Abra had decided to end talks about a possible merger between Brazilian carrier Gol and Azul. This move puts an end to the possibility of creating a dominant airline for Latin America's biggest economy. The new carrier would have had roughly 60% of the domestic markets, surpassing LATAM Airlines, based in Chile. Abra Group, the majority shareholder in Gol and Colombia’s Avianca, and Azul signed the first memorandum in January to combine the two airlines. This followed months of discussions and speculation in the market. Azul filed for Chapter 11 protection...

These are the most popular stories from the Wall Street Journal. These stories have not been verified and we cannot vouch their accuracy. Delta Air Lines has replaced the power units in more than 300 Airbus jets to combat toxic fumes that have been leaking into the air and posing a health and safety risk to passengers and crew. Kodiak will begin trading on Nasdaq under the tickers KDK & KDKRW on Thursday, following its merger With special-purpose acquisition firm Ares Acquisition Corp. II, an affiliate of Ares Management. The deal valued the startup around $2.5 billion. Pony AI has...

The ICAO triennial meeting takes place from September 23 through October 3. Assembly navigates geopolitical tensions between Russia and North Korea Russia seeks ICAO Council Chair after losing seat 2022 Allison Lampert September 23 - The global aviation leaders meeting in Montreal on Tuesday will have to navigate through international rifts while facing high tech threats, increasing pollution from flights and labor shortages. The technology is improving global aviation, but it remains vulnerable to cyber attacks. Some of Europe's largest airports are still experiencing disruptions after hackers took down automated check-in system on Monday. The delegates to the United Nations...

The Brazilian state-run Correios postal service is in discussions with a group of banks to obtain a loan worth about 20 billion reals ($3.67 billion), according to its chief executive. This comes as the company looks to improve short-term liquidity. CEO Emmanoel Rondon who assumed the role at the end of September said that the loan was part of a restructuring program which also included a voluntary dismissal plan, the renegotiation with suppliers, and actions to diversify the company's revenue. Why it's important Rondon said at a press briefing that the talks were about a guarantee loan from the Brazilian...

The German logistics giant DHL announced a higher-than-expected second quarter operating profit on February 2, as strict cost control helped overcome currency headwinds, and a slower pace of trade. The company reported quarterly earnings before tax, interest and other expenses (EBIT) in the amount of 1,43 billion euros. This was above the consensus estimate of analysts of 1,33 billion euros. DHL's revenue for the quarter fell by 3.9% compared to a year ago, falling below analysts' expectations of 21,01 billion euros. The German logistics giant confirmed that it expects annual free cash flows excluding M&A to be around 3 billion...

DHL, the German logistics giant, reported a higher-than-expected second quarter operating profit on February 2, as strict cost control helped overcome currency headwinds. The company reported a quarterly profit before interest and taxes (EBIT) in excess of the consensus estimate of 1,33 billion euros. DHL's revenue for the quarter fell by 3.9% compared to a year ago, falling below analysts' expectations of 21,01 billion euros. The German logistics giant confirmed that it expects annual free cash flows excluding M&A to be around 3 billion Euros. It added that the forecast did not take into account potential impacts of changes in...

Germany's antitrust regulator dropped its investigation into the alleged anticompetitive behavior at the nation’s largest postal service group DHL, after the company severed ownership ties with another competitor that handled letters for businesses. The Federal Cartel Office’s two-year investigation focused on mail consolidation. DHL’s Deutsche Post InHaus Services collects letters from multiple companies and processes them, offering discounts based on the total volume. DHL competes in this market with Max-Ventures, a postal services group. However, the two also hold 26% and 74% respectively in Compador, another player in this segment. DHL's antitrust authority stated that it had allayed concerns by...

Lithuania has discovered no proof of terrorism or sabotage so far in its examination of a DHL freight aircraft crash although the black boxes consisting of flight data and voice recorders have not yet been discovered, authorities said on Tuesday. The plane crashed near Vilnius airport as it can be found in to land early on Monday, eliminating someone on board in what Germany's. foreign minister later on stated could be a mishap or a hybrid. attack in unstable times. The Lithuanian General District attorney's office is leading among. two official probes into the crash. Our preliminary information does not...

Logistics group DHL , which runs Germany's postal service, revealed a hike in the cost of a standard stamp on Wednesday, after failing to encourage regulators that it requires even more leeway on pricing to balanced out costs and fund investment. A basic stamp from Deutsche Post will cost 95 euro cents ($ 1.01) from Jan. 1, up from a previous 85 cents, the company said, after the federal network agency set brand-new prices guidelines for the years 2025 and 2026. The firm therefore allowed costs to increase, however not by as much as DHL had hoped. DHL said the...

Germany's network regulator verified its standards for the rates of postage stamps on Monday, declining to surpass its proposed varieties regardless of protest by the national operator Deutsche Post, owned by logistics group DHL. DHL has actually criticised the regulator, which initially proposed the prices standards in September, for not giving the postal system sufficient leeway to respond to rising inflation and falling letter volumes. The company said the new rates framework threatened its lawfully set revenue margin target of 6.5% and therefore made planned financial investments no longer feasible. With its decision, the Federal Network Agency is warding off...

DHL reported thirdquarter complimentary cash flow well below market expectations on Tuesday, in another hit to its shares that have actually lost almost a fifth of their worth this year. The German logistics giant last week reduced its full-year and mid-term projections, mentioning a weaker macroeconomic environment in Europe and low business-to-business mail volumes, as it pre-announced its operating earnings for the quarter. DHL's shares were down 2.5% by 0915 GMT. A local trader said the totally free capital of 723 million euros ($ 787.2 million) was underwhelming, falling 32.7% from in 2015 and missing an agreement price quote of...

DHL cut its assistance for 2024 profits before interest and taxes (EBIT) on Wednesday, pointing out constantly weak businesstobusiness mail volumes and lowerthanexpected margins in its air freight forwarding organization. The business now expects an EBIT of 5.8 billion euros ($ 6.3. billion) for the year, below a previously anticipated range of. 6-6.6 billion euros. DHL also cut its medium-term development forecast based on the. upgraded outlook for 2024 and the weaker macroeconomic. environment in Europe. It now anticipates an EBIT of 7 billion euros. by 2026, below a previous variety of 7.5-8.5 billion euros. The new guidance falls short...

DHL is on track to fulfill its 2024 operating profit projection, its Chief Financial Officer Melanie Kreis stated on Tuesday, after the logistics huge announced an overhaul that would make its German parcel company a standalone entity. Shares were up 1.9% at 0801 GMT after news on Monday evening of DHL's new strategy, which revealed a carve-out of its parcel company however pressed back against suggestions that the letter mailing service would be divested. DHL has anticipated an operating profit, or EBIT, of 6 billion euros to 6.6 billion euros ($ 6.68-$ 7.34 billion) for 2024, although that projection has...

Brazilian cargo business Modern Logistics expects to get in the U.S. and Mexican markets in the next few months as it puts in location an expansion technique that will include looking at merger and acquisition opportunities in the brief to midterm. WHY IT is necessary Modern is a big player in the fast-growing cargo market in Latin America's largest economy, which has actually been increased in recent years by e-commerce and facilities financial investments. RESTRUCTURING Established in the 2010s by former Azul executives, Modern underwent a restructuring last year that saw previous FedEx executive Cristiano Koga selected as CEO. The...

German logistics giant DHL reported secondquarter earnings and incomes a little above expectations on Thursday, as air and ocean freight volumes revealed modest enhancements from a low starting level. Quarterly profits rose 2.7% from a year earlier to 20.6 billion euros ($ 22.3 billion), ahead of analysts' mean forecast of 20.31 billion euros, according to LSEG information. Its operating earnings was up to 1.35 billion euros from 1.69 billion last year, likewise beating expectations of 1.33 billion. The group's worldwide fast-shipping service Express saw a decline in delivery volumes, although business-to-business ( B2B) volumes increased slightly. We are likewise seeing...