VASP, the formerly hot Brazilian air carrier, announced this week its intention to keep several aircraft out of the skies as employees turned up the heat on the front office to get their back salaries before the situation gets worse off.
Last weekend, the South American nation´s fourth-largest air company ordered all domestic flights with half of their seats empty be called off.
SuperClubs is about to have its second hotel in Brazil under the Starfish trademark –the Starfish Reserva Imbassai Resort in Costa dos Coqueiros in the state of Bahia, some 41 miles from the city of Salvador. The new lodging is part of a €61.8 million project the Jamaica-based company is making in the South American country.
Besides the Caribbean, Brazil has turned out to be the second-largest expansion ground for SuperClubs Hotels in Latin America. Following the grand opening of the Breezes Costa do Sauipe, the chain decided to keep on putting its smart money on Bahia.
Embraer, the Brazilian jet maker, cut a deal with American carrier Republic Airways to sell that company sixteen E-170 jetliners for $400 million.
The contract could exceed $1.5 billion if the airline decided to buy 34 additional planes later on, Embraer informed in a press release.
Mexico´s leisure industry snapped up nearly $9.7 billion from January through November last year, $300,000 more than that same period of time in 2003.
The country´s Tourism Department informed that figure accounts for a 14 percent increase from the year before. Mexican tourism authorities closed the twelve-month period with flying colors: 20.5 million visitors and $10.6 billion worth of gains.
The arrival of foreign tourists to Brazil all through 2004 brought as man as $3.2 billion worth of profits, up a whopping 30 percent from the volume of gains reaped in 2003.
According to a report issued by the Central Bank, the face value of that hard-currency heap could be even bigger because the assessment is limited to banking operations at official exchange rates and purchases of international credit cards.
After triggering a war among airlines over discount fares, Delta has reported staggering losses for fourth-quarter and full-year 2004 at times when the industry continues to adjust to the new fare structure it unleashed on the market earlier this month.
Delta lost $2.2 billion in the fourth quarter alone and $5.2 billion for the year, possibly the largest lost ever posted by an airline. That´s even worse than the $3.5 billion loss posted by American in 2002.