Grupo Aeroportuario del Pacifico, S.A. de C.V. has announced higher terminal passenger traffic figures for the month of May 2006 During the month of May 2006, terminal passenger traffic increased 4.4 percent compared to May 2005, driven by international passenger traffic, which grew 12.2 percent, while domestic passenger traffic remained nearly flat.
The 18th World Soccer Cup kicked off in Munich on June 9, prompting six weeks of media frenzy heightened by the 15,000 journalists in attendance. Three million spectators will fill the twelve stadiums of the competition, a figure that is likely to double when including the total number of tourists arriving in Germany to participate directly or indirectly in this event.
Oil and gas-rich Trinidad will launch its own entertainment company in an effort to diversify its economy, a government minister said Thursday. Trade Minister Kenneth Valley said the government has earmarked $5.3 million (€4.1 million) for the Trinidad and Tobago Entertainment Co. for the next three years. The company will give loans and grants to artists and offer classes on music, video production, marketing and touring, he said.
Airbus asked a US court on Friday to remove Boeing´s law firm from a case before the World Trade Organization because of alleged ethics violations. “We have found that one of the partners in that law firm, in their trade practice in Brussels, is a lawyer who used to work for Airbus developing our strategic legal case for potential trade disputes,” Clay McConnell, a spokesman for Airbus´ North American unit said.
The U.S. Office of the United States Trade Representative has confirmed that it requires changes to several laws as a condition for the Dominican Republic to implement DR-CAFTA. This was revealed by Everett Eisenstat, deputy secretary for the Americas, who spoke via an online conference and stated that U.S. requirements for change pertain specifically to Law 173 regarding the representation of foreign companies, law 65-01 on copyrights, and law 20-01 on industrial property.
Spanish construction firm Grupo Ferrovial raised its bid for UK airports operator BAA to £9.73 billion ($18.26 billion) on Tuesday, but BAA said it was still too low. Ferrovial, which raised its offer to 900 pence a share in cash for the owner of Heathrow, Gatwick and Stansted airports from the previous proposal of 810 pence, said BAA´s claim last week to be worth more than 940 pence a share was “not credible”.
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