Brazil Seeks Airline Debt Payment Plan
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The government will allow financially troubled airline Vasp to continue operating for at least another six months if Brazil's fourth-largest airline comes up with a debt payment plan by Friday, Defense Minister Jose Viegas said Thursday.
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The United Nations Conference on Trade and Development, UNCTAD, is calling on creditors to cancel sub-Saharan Africa&#39;s multibillion-dollar debt.
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The Brazilian defense ministry said on Thursday it had requested the president extend the flying license of indebted airline Vasp (VASP3.
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SAO PAULO, Brazil -- Brazil is seeking to buy military technology from France that could help it become the first country in Latin America to have a nuclear submarine, the Defense Ministry said on Monday.
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Brazil's government has played down claims that it is about to step in to save flagship airline Varig as it battles huge debts.
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Brazil's president promises to spend $270m creating new reservations for indigenous groups in the Amazon.
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President Luiz Inacio Lula da Silva said that Brazil will budget about $540 million over eight years to complete its nuclear program, including uranium enrichment and possibly building a nuclear-powered submarine.
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ATLANTA -- Delta Air Lines Inc. is considering exchanging some of its debt, possibly for equity in the company, as part of a larger effort to avoid bankruptcy.
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United Airlines on Friday said it will need about USD$500 million in annual cost cuts above the USD$655 million now in the works and also received court approval for more time to develop a reorganization plan without interference from creditors.
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Scandal-hit fuel firm China Aviation is hoping a partial payback of massive loans will help it avoid bankruptcy.
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Brazil's president promised a thorough investigation Friday into a plane crash that killed 191 people and announced measures to improve air safety, including building a new airport in Sao Paulo.
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PORTO ALEGRE, Brazil  - Brazil's President Luiz  Inacio Lula da Silva on Thursday urged the world's poor and  hungry to unite against rich nations' interests before he  jetted off to a meeting of the globe's wealthy elite.
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Brazil could reach a deal within 30 days that would resolve a dispute over nuclear nonproliferation inspections following a visit by UN experts to the country&#39;s
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A Brazilian prosecutor planned to seek indictments Friday against two American pilots of an executive jet that collided with an airliner, killing all 154 people on board the commercial flight, his office said.
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Brazil's president pledged a thorough investigation into the plane crash that killed as many as 200 people in a televised address Friday that aimed to blunt criticism of his response to the country's deadliest aviation accident.
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The trustee firm representing employee pension funds at United Airlines sought a court order today that the carrier be required to make up hundreds of millions of dollars
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RIO DE JANEIRO, Brazil  - Two U.S. pilots have been prevented from leaving Brazil for nearly two months over their role in the country's worst air disaster and spent Thanksgiving on Thursday in their luxury seaside hotel.