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The airline agreement mimics a partnership between American Airlines (AAL.O) and Chile’s Latam Airlines (LTM.SN) which has been mired in regulatory scrutiny. Like its main U.S. rivals, No. 3 U.S. carrier United has been eyeing untapped potential for leisure and business travelers in Latin America, where many still travel long distances by car and bus. The announcement between the United Airlines parent, Avianca and Panama’s Copa capped off almost two years of negotiations. United will loan Avianca’s majority shareholder almost $500 million to be spent on ventures outside of the airline cufflink engraving uk online.
Depending on how it is repaid, United could end up owning a large chunk of the Colombian carrier cufflink engraving uk online. United is making no monetary investment in Copa or its affiliates. United already owns an 8 percent stake in Azul, and has a codesharing agreement with Avianca Brasil, formerly known as Ocean Air. The world’s largest asset manager BlackRock disclosed late on Friday that it had sold a stake in Azul’s preferred shares and kept a 10 percent participation. Hours earlier, the carrier said in another securities filing that it sought to double in size in the next five years..
SAO PAULO (Reuters) – Mercedes Benz’s (DAIGn.DE) Brazil operation will hire some 600 contractors in 2019 on year-long contracts to work on commercial vehicles, adding to a workforce of 10,000, the company said on Tuesday. Brazil’s economy is slowly emerging from its worst recession in a century, with unemployment above 11 percent cufflink engraving uk online. The recovery mimics growth in the Brazilian auto industry, which has recovered in the past two years but lags behind its peak in 2012. Phillipp Schiemer, Mercedes’ chief executive for Brazil and Latin America, told journalists that about 12,000 people had already applied for 400 open positions. He said he was optimistic about the economy and about Mercedes, which has seen 30 percent growth in its truck business so far this year..
“It had been a long time since we were this optimistic,” Schiemer told journalists at an event in the company’s headquarters in Sao Bernardo do Campo. “If we get pension reform and tax reform through, I believe that we have a good chance that (economic recovery) will happen even faster.”. Schiemer also discussed commercial electric vehicles in Brazil, but said he did not expect to see them in the country any time soon cufflink engraving uk online. He said the company had already signed contracts to sell self-autonomous vehicles to be used in agribusiness..
(Reuters) – U.S. luxury home builder Toll Brothers Inc (TOL.N) on Tuesday reported its first fall in quarterly orders in more than four years as rising mortgage rates and higher home prices hit demand, sending its shares down as much as 10 percent cufflink engraving uk online. Toll’s results are the latest evidence of slowing housing demand after years of steady recovery following the housing crash of 2007-2008. The housing market has been a weak spot in a robust U.S. economy, with economists blaming the sluggish trend on rising mortgage rates, which have combined with higher prices to make home purchase less affordable for potential buyers..