The National Securities Market Commission in Spain has given the green light to a revised offer from International Airlines Group for low-cost carrier Vueling. The body had approved a bid at €9.25 per share. IAG-owned Iberia presently owns 45.85 per cent of Vueling shares.

Delta Air Lines has partnered with the City of Los Angeles and Los Angeles World Airports to significantly overhaul Terminal 5 at Los Angeles International Airport. The $229-million construction project has already begun and is scheduled to be fully completed by 2015.

Foreign investment in Dominican Republic topped US$3.6 billion last year, or nearly 40% higher than 2011, while the government "embraces" the hope of also positive results at yearend 2013. Dominican Republic Export and Investment Center (CEI-RD) director Jean Alain Rodriguez revealed the figures on Tuesday.