SAO PAULO Struggling Brazilian airline Avianca Brasil had told regulators that it was permanently cancelling several routes as of Monday despite continuing to sell tickets for them on its website, according to a letter seen by Reuters.
SAO PAULO Avianca Brasil on Friday canceled 179 flights scheduled for the next five days after a judge denied an appeal by the carrier to hold on to nine disputed planes, marking the unraveling of the airline four months after it filed for bankruptcy protection.
SAO PAULO, April 8 A Brazilian appeals court
ruled on Monday in favor of several Avianca Brasil lessors,
granting them the right to repossess over 15 planes, legal
records show, amid a renewed push to retrieve the Airbus jets
from the struggling airline.
SAO PAULO, April 5 Creditors led by hedge fund
Elliott Management approved on Friday a restructuring plan for
bankrupt airline Avianca Brasil, hours after the country's
antitrust regulator announced preemptively that the plan could
run afoul of competition laws.
SAO PAULO A new plan by cash-strapped carrier Avianca Brasil to sell its most coveted airport slots to Brazil's two largest airlines will draw intense antitrust scrutiny, which may delay or derail a pressing cash injection.
SAO PAULO Brazilian airline Avianca Brasil plans to split into seven units that it will auction off separately, with rivals LATAM Airlines and Gol Linhas Aereas Inteligentes both planning to bid for some of those parts in a bankruptcy auction.
SAO PAULO Brazilian automaker CAOA has signed a confidentiality agreement to negotiate a potential purchase of Ford Motor Co's plant in the industrial city of Sao Bernardo do Campo, according to a source familiar with the matter.
SAO BERNARDO DO CAMPO, Brazil, March 26 Meeting
in Brazil this week, auto executives from Toyota to GM talked up
traditional fuel sources like ethanol, natural gas and diesel,
underlining how South America's protected auto market is likely
to resist a broader global move towards electric vehicles for
years to come.
SAO BERNARDO DO CAMPO, Brazil Meeting in Brazil this week, auto executives from Toyota to GM talked up traditional fuel sources like ethanol, natural gas and diesel, underlining how South America's protected auto market is likely to resist a broader global move towards electric vehicles for years to come.