Edition:
India

Marcelo Rochabrun

Avianca Brasil still selling tickets on routes it plans to cancel

16 Apr 2019

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.

Avianca Brasil cancels 179 flights as it loses appeal on planes

13 Apr 2019

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.

Brazil court rules in favor of lessors to repossess Avianca Brasil planes

09 Apr 2019

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.

UPDATE 1-Creditors approve Avianca Brasil plan as antitrust concerns loom

06 Apr 2019

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.

Gol, LATAM bids for Avianca Brasil assets may hit antitrust snag

05 Apr 2019

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.

Bankrupt Avianca Brasil lures Gol, LATAM bids, Azul role uncertain

03 Apr 2019

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.

Brazil automaker CAOA signs agreement with Ford over plant purchase: source

30 Mar 2019

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.

RPT-South America resists electric vehicles as local fuels remain in favor

27 Mar 2019

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.

South America resists electric vehicles as local fuels remain in favour

27 Mar 2019

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.

World News

Afghan communications ministry attacked, seven killed

At least seven people were killed in an attack on the Afghan communications ministry in central Kabul on Saturday, breaking months of relative calm in the capital and underlining the continued security threats despite efforts to open peace talks with the Taliban.