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Marcelo Rochabrun

Bankrupt airline Avianca paid millions in executive bonuses during pandemic

Sep 23 2020

SAO PAULO Airline Avianca Holdings came under broad criticism in Colombia for paying its top two executives $6 million in bonuses in May, at a time when the carrier had furloughed most of its employees without pay and was preparing a bankruptcy filing.

UPDATE 2-Localiza, Brazil's largest car buyer, plans takeover of rival Unidas

Sep 23 2020

SAO PAULO, Sept 23 Brazilian rent-a-car company Localiza has agreed to take over rival Unidas for roughly 12 billion reais ($2.18 billion), the companies said on Wednesday, creating a major player that could account for more than 10% of all cars sold in Brazil.

Exclusive: Top Huawei executives had close ties to company at center of U.S. criminal case

Sep 16 2020

LONDON/SAO PAULO An obscure Hong Kong-registered company stands at the center of the U.S. criminal case against China's Huawei Technologies and its chief financial officer.

Delta, facing its own troubles, may have to repay $300 million on behalf of Brazil's Gol

Aug 27 2020

SAO PAULO Delta Air Lines is facing a fresh Latin American headache as a Monday deadline nears for former Brazilian partner Gol Linhas Aereas Inteligentes to repay a $300 million loan that the U.S. carrier guaranteed.

Brazil prosecutors accuse two in alleged Petrobras-Maersk corruption scheme

Aug 21 2020

SAO PAULO Brazilian prosecutors pressed charges on Friday against two people for an alleged scheme to obtain confidential market information from Petrobras to benefit A.P. Moller-Maersk , the world's largest shipping company.

Brazil prosecutors accuse two people in alleged Petrobras-Maersk corruption scheme

Aug 21 2020

SAO PAULO, Aug 21 Brazilian prosecutors pressed charges on Friday against two people for their alleged role in a scheme to obtain confidential market information from Petrobras to benefit Danish Maersk, the world's largest shipping company.

UPDATE 3-Avianca's majority shareholders arrested in Brazil on accusations of corruption

Aug 19 2020

BRASILIA/SAO PAULO, Aug 19 The majority shareholders of Colombia's Avianca Holdings, brothers German and Jose Efromovich, were arrested in Brazil by the country's federal police on Wednesday as part of the sprawling Car Wash corruption probe, authorities said.

LATAM Airlines has laid off 12,600 employees since March amid coronavirus crisis

Aug 18 2020

SANTIAGO/SAO PAULO LATAM Airlines, South America's largest carrier, on Tuesday said it had laid off 12,600 employees since March - or almost 30% of its pre-coronavirus workforce - due to the pandemic that has upended the global travel industry.

Nearly half of Brazilians say Bolsonaro not to blame for coronavirus death toll, poll says

Aug 15 2020

SAO PAULO Almost half of Brazilians think President Jair Bolsonaro bears "no responsibility at all" for the country's more than 100,000 dead from the coronavirus pandemic, the world's second highest death toll, according to a new Datafolha poll. | Video

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