Marcelo Rochabrun

Embraer union sues to oust planemaker's board after failed Boeing deal

10:22pm IST

SAO PAULO A union representing workers at planemaker Embraer filed a lawsuit on Friday seeking to dismiss the company's board, after a $4.2 billion deal with Boeing Co collapsed amid the pandemic, leaving the Brazilian jetmaker scrambling for a new path forward.

Delta's global growth drive stalled by Latin American bankruptcies

02 Jul 2020

Delta Air Lines had a strategy for years: expand worldwide by buying stakes in airlines and partner with them while avoiding the cost and red tape of full acquisitions.

In Brazil, delivery drivers for Uber, Rappi and others protest amid pandemic

02 Jul 2020

SAO PAULO More than a thousand food delivery drivers on motorcycles gathered in São Paulo on Wednesday to protest their work conditions, set by Uber Technologies Inc and makers of other apps, as their services remain in high demand due to coronavirus lockdowns.

Latin America's airline apocalypse signals a future with weak competition

29 Jun 2020

SAO PAULO Bankrupt LATAM Airlines and Avianca Holdings are dramatically retrenching their once grand ambitions amid the COVID-19 pandemic, reducing competition in Latin America as they mull once-unthinkable cooperation with rivals.

Brazil signs agreement to produce AstraZeneca's experimental COVID-19 vaccine

27 Jun 2020

SAO PAULO Brazil announced on Saturday that it had signed a $127 million agreement to start producing locally an experimental vaccine developed by AstraZeneca that has shown promise to fight the COVID-19 pandemic.

Exclusive: Indigo Partners' JetSMART met Brazil officials in March to set up domestic flights

24 Jun 2020

SAO PAULO Indigo Partners-backed JetSMART presented Brazil's air travel regulator, ANAC, on March 10 with a plan to enter the domestic market and disrupt the three established players there, ANAC told Reuters.

LATAM Airlines suspends Argentina operations, blaming COVID-19 and government

18 Jun 2020

SAO PAULO LATAM Airlines Group said on Wednesday its Argentine subsidiary will cease operations indefinitely, canceling all domestic flights, its first major cutback since filing for bankruptcy protection.

Auditors for Brazil's Gol raise concern about airline's ability to weather COVID crisis

16 Jun 2020

SAO PAULO Brazil's largest domestic airline, Gol Linhas Aereas Inteligentes , said on Tuesday in a regulatory filing that it will "probably" receive a warning from its independent auditors saying there is doubt whether the company will survive the coronavirus crisis.

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