Market conditions drive international airlines away from Brazil, Airbus says

RIO DE JANEIRO - Complicated market conditions have prevented foreign airlines from launching local operations in Brazil, planemaker Airbus' head in the country told Reuters.

Airbus executive Gilberto Peralta said in an interview last week that the reluctance from international airlines to enter Brazil was mainly due to judicial uncertainty, citing a high number of legal actions taken by Brazilian customers against airlines, as well as high fuel prices. Late last year, airline lobby group IATA had urged state-run oil company Petrobras to reduce fuel costs, calling kerosene prices in the South American nation"excessively high."

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The college job market offers a warning sign to the US labor marketOn paper, the job market looks like it’s hardly ever been better. But the unemployment rate for bachelor’s degree recipients aged 20 to 29 is above 12%.
Source: cnnbrk - 🏆 393. / 55 Read more »

Canadian Dollar rebounds as market sentiment recovers, Greenback softensThe Canadian Dollar (CAD) is rebounding on Thursday, recovering ground previously lost in the midweek market session as broad market flows in the Greenback dictate overall market sentiment.
Source: FXStreetNews - 🏆 14. / 72 Read more »