South America

Luiz inacio Lula da silva, Brazil's president, will meet Vietnam's leaders on Friday at Hanoi as he travels to the Southeast Asian country with a large delegation of businessmen to try to strengthen trade and economic links under the shadows of a trade war. Lula's visit comes at a time when Hanoi is under pressure to reduce its huge trade surplus by the Trump administration. Hanoi has also pledged to increase U.S. Imports, which includes farm products like soybeans that Brazil is the top exporter of to Vietnam. A Brazilian official familiar with the agenda stated that both countries will...

U.S. commercial pilot Rick Redfern was preparing to land at Reagan Washington National Airport about a years back when he found a bright red Coast Guard helicopter hovering about 50 feet (15 m) above the Potomac River. Air traffic control service without delay cautioned the helicopter pilot to remain clear, and Redfern said he utilized evasive maneuvers to avoid it and avert a prospective disaster and that was in daytime, when visibility was clearer. During the night the light can disorient you as to what you might believe you are seeing as to what you in fact are seeing, Redfern...

Brazilian airline company Azul said on Tuesday it has actually completed a debt restructuring process relating to monetary commitments with shareholders, suppliers and airplane lessors, according to a securities filing. Azul stated the procedure consisted of the termination of almost $ 1.6 billion in financial obligation from its balance sheet, while it likewise raised $525 million in fresh money. The company said that, with the conclusion of the talks, its financial leverage determined by a net financial obligation to EBITDA ratio falls to 3.4 times from 4.8 times. Azul, which this month signed an contract to explore talks for a...

An organized merger in between Brazilian airline companies Gol and Azul would enhance the sector and avoid either business from failing, Brazil's ports and airports minister told Reuters, offering the prospective move an essential federal government nod. Azul and Abra, the majority financier of Gol and Colombia's. Avianca, announced earlier this month they had signed a. non-binding memorandum of understanding with the intent of. integrating their companies in Brazil. It's a federal government priority to preserve the air travel sector. and, above all, safeguard jobs and incomes, Silvio Costa Filho. stated in an interview. The possibility of a Gol-Azul merger...

China's drive to burglarize foreign aviation markets with its homegrown COMAC jets has intensified, with a push to persuade Vietnam to authorise its airplanes in the nation, according to two people with understanding of the talks and files. COMAC's actions in Vietnam demonstrate how the state-owned firm has in the past year started a more deliberate marketing method to regulators and airlines as it seeks to contend worldwide with leading Western planemakers Airbus and Boeing. After months of talks, Vietnam's leading personal airline VietJet was supposed to start on Jan. 15 the short-term lease for a domestic path of two...

Brazilian airline company Gol launched a modified fiveyear strategic plan on Wednesday as it prepares to leave Chapter 11 personal bankruptcy proceedings, saying the brand-new forecasts would act as a base for its reorganization. Gol said in a securities filing it expects to emerge from Chapter 11 in May, and sees its net leverage significantly. improving moving forward as it restores its network and returns. to regular levels of core profits by next year. The carrier, one of Brazil's biggest, declared Chapter 11. in the United States in early 2024 as it came to grips with high. debts, hit by...

The head of the European Area Firm dismissed concerns on Thursday that cooperation in Europe is diminishing as Italy charts its own course on rocket operations and weighs a prospective contract with Elon Musk's Starlink on satellites. Italy's Avio is due to take over operations of the Vega C rocket on behalf of ESA, pulling the Italian-built rocket far from Europe's main launch operator, Arianespace. On the other hand Rome is assessing prospective supply accords with Starlink, and Musk stated on Monday that he was prepared to provide Italy the most safe and secure and sophisticated connection!. We are observing...

Brazilian airline Azul is expected to check in the next couple of weeks a. memorandum of understandings with rival provider Gol's. parent Abra for a possible merger in between Azul and Gol,. newspaper Valor Economico reported on Wednesday. The memorandum would stress the intention to merge while. establishing information pertaining to governance, capital structure. and different alternatives to structure the deal, according to the. report, which cited sources involved in the talks. Gol did not right away react to an ask for remark,. while Azul declined to comment. Azul has actually been in talks with Abra Group to check out...

Mesa Air Group will offer 18 Embraer airplane to United Airlines for about $ 229.1 million and utilize the profits to cut financial obligation, the regional airline company operator said on Tuesday. Shares of Mesa, the moms and dad company of Mesa Airlines, increased more than 10% before the bell. Most of the aircraft of the Phoenix, Arizona-based business are operated under a contract with United, where they fly under the United Express brand name. Mesa finished the sale of eight of the 18 aircraft on Dec. 31 and expects to close the rest by the end of this month....

United Airlines said on Sunday it anticipates to start testing Elon Musk's Starlink in February for inflight web services, and to very first offer the connection on a commercial flight run by Embraer E175 aircraft this spring. The airline company plans to equip its whole two-cabin regional fleet with the service by the end of 2025 and have its very first Starlink-enabled aircraft on major paths in the air by the end of the year. Starlink will eventually be readily available on all its flights, the airline stated in a declaration. Nevertheless, United said access would be totally free just...

Brazil's government said on Friday it has actually reached deals with two of the country's biggest airlines, Gol and Azul, to settle some pending tax responsibilities totaling 7.5 billion reais ($ 1.22. billion). The government has offered the carriers with significant. discount rates and permitted them to make installation payments. WHY IT is essential. The deal might supply monetary relief to the business. Latin. American airlines have been dealing with financial hurdles in the wake. of the COVID-19 pandemic and were forced to restructure. responsibilities as they have problem with high debt loads. Gol has actually been under Chapter 11...

Argentina's state airline company, Aerolineas Argentinas, is slimming down for a capacity sale, shedding 13% of its staff, cutting moneylosing domestic paths and even removing snacks formerly readily available to guests, according to sources and documents seen . The cutbacks, a lot of whose information were previously unreported, become part of a backdoor effort to cut the airline company's problem on the state and lure personal financial investment. The drive is progressing, despite the fact that libertarian President Javier Milei's strategies to privatize the company have actually generated pushback. The provider, with Argentina's blue and white colors, is a major...

The tariffs imposed by U.S. president Donald Trump on Mexican imports pose a significant risk to farmers in Jacksonville. This is because Mexico's retaliation could cause corn buyers to switch to South American rivals. Mexico is the top corn-importing country in the world. At a time when prices of grains have plummeted and chemical and seed costs for crops are on the rise, this market is crucial for U.S. producers. Farmers in Jacksonville, a small city of 17,000 residents, are more likely to benefit from Mexican demand than other farmers. The residents live near a grain loading facility where corn...

Analysts said that the sale of Brazil's soy crop was lagging, due to high freight costs, an increased local currency, and the extra caution taken by trading companies to complete purchases. According to the consultancy Safras & Mercado, Brazil's soybean crop for 2024/25 has already sold 39.4% more than total production expected. This is higher than the 31,9% recorded in the same time period of 2024. It is still below the average for five years of 43.2%. Guilherme Palahares, Santander Research's head of food and beverage research, said that "Freight was the biggest factor in limiting business." To reduce risk,...

Brazilian conglomerate Cosan has actually sold some 173 million shares it owned in Vale, it stated on Thursday, dumping a stake that made it a crucial shareholder of the mining giant as it looks to reduce financial obligation. Cosan, which did not divulge monetary information, stated in a. securities filing that its decision to sell the stake of approximately. 4.05% in Vale was based exclusively on the goal of enhancing its. capital structure. According to a source familiar with the transaction, Cosan. raised around 9 billion reais ($ 1.5 billion) with the sale,. permitting it to decrease its financial obligation...

A freight lobby has alerted of the threat of logistical collapse after Brazilian transport agency ANTT changed payment system guidelines for trucks moving millions of lots of farming products and other cargo, according to a statement on Thursday. The intro of electronic tags as the only accepted means of payment comes as Brazil begins collecting a huge soybean crop of almost 170 million tons, stated Carley Welter, executive director at ANATC, an association of freight firms. ANATC, whose members move a combined 150 million tons of freight including soybeans, corn and soybean meal and have 2.2 million registered truck motorists,...

A freight lobby has actually warned of the risk of logistical collapse after Brazilian transportation firm ANTT altered payment system guidelines for trucks moving countless lots of agricultural commodities and other freight, according to a declaration on Thursday. Intro of electronic tags as the only accepted ways of payment comes as Brazil starts gathering a huge soybean crop of nearly 170 million heaps, stated Carley Welter, executive director at ANATC, a national association of freight companies. ANATC, whose members have actually 2.2 million signed up truck drivers, said firms supplying the tags have been not able to meet high demand....

Brazil could have its BAB overthecounter (OTC) market for soy and corn in place previously the end of the year, the new market's CEO stated on Friday. BAB has been given the green light from Brazil's securities commission, CEO Eric Cardoni told press reporters. Backed by regional train operator Rumo, BAB was developed to enable hedging by regional traders and farmers to better reflect Brazilian market prices, Cardoni said. Grain costs in Brazil, the world's top soy manufacturer and one of the biggest corn farmers, frequently diverge from those sold Chicago since of various crop durations and logistics costs. Cardoni...

Nine individuals passed away when the van they were traveling in hit a truck in southern Brazil late on Sunday, local authorities said. Seven of the victims were teenage members of a rowing team from Pelotas, in Rio Grande do Sul state, who were traveling back from a competitors in Sao Paulo when the crash happened in Guaratuba, Parana state. According to Brazil's federal highway cops, only one of the van's 10 residents - a 17-year-old rower - survived. The truck chauffeur, a 30-year-old-man, had minor injuries, they added. Police said the truck stopped working to brake and collided with...

Native individuals who see a threat to their ancestral lands from the building and construction of a. railway to bring grains to a port in the Amazon on Monday pulled. out of a work group developed by the government last year to. advance the task. The Munduruku and Kayapo people, along with tribes from the. Xingu appointment said in a letter to the Transportation Ministry. that the work group was refraining from doing its job of discussing the. 1,000-km (620-mile) Ferrograo railway with all celebrations. The ministry did not right away reply to an ask for. remark, nor did state...

A fire that ruined a conveyor belt and electric systems at the Tiplam terminal in the port of Santos, Brazil's biggest, caused a suspension of sugar loading on piers 2 and 3 on that terminal, according to a note from the business. The fire broke out on Thursday night on the website and was managed on Friday morning. There were no victims, however the destruction of the conveyor belt stopped loadings in the berths, said the note to customers of VLI, the company handling the terminal. The note was seen . Damage to the electrical infrastructure at the terminal likewise...