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Marcelo Rochabrun

United Airlines shakes up Avianca leadership after shareholder default

May 24 2019

United Airlines launched a management overhaul at Colombia's Avianca Holdings on Friday, removing top shareholder German Efromovich from controlling the cash-strapped airline, according to regulatory filings.

Boeing drops Embraer name from Brazil commercial jet division

May 23 2019

SAO PAULO Boeing Co on Thursday said that after taking over Brazilian planemaker Embraer SA's passenger jet unit, it will call the division Boeing Brasil - Commercial, dropping one of Brazil's most iconic company names.

VW truck brand to invest $344 million in Brazil after Ford exit

May 21 2019

SAO PAULO Volkswagen AG truck brand Scania said on Tuesday it will invest 1.4 billion reais ($344.14 million) to modernize its Brazilian factory in Sao Bernardo do Campo, an industrial city near Sao Paulo.

Exclusive: Elliott Management opposes airline Azul on Avianca Brasil bankruptcy plan

May 20 2019

SAO PAULO U.S. hedge fund Elliott Management is opposing a new plan by Brazilian airline Azul SA to purchase some of the routes operated by financially troubled rival Avianca Brasil for $145 million, according to a legal document seen by Reuters.

Brazil's Embraer posts quarterly loss due to fewer plane deliveries

May 15 2019

SAO PAULO Embraer SA reported a $42.5 million loss for the first quarter on Wednesday, its fifth straight quarter of losses, as revenue fell amid fewer plane deliveries and as the Brazilian planemaker spent heavily ahead of a deal with Boeing Co.

Azul raises bid for Avianca Brasil's Sao Paulo-Rio routes as strike nears

May 13 2019

SAO PAULO Brazilian airline Azul SA on Monday made a new attempt to purchase some of bankrupt airline Avianca Brasil's most coveted routes, offering $145 million and reversing a decision not to participate.

Brazil's CAOA eyes Chinese partner to take over Ford plant

May 13 2019

BRASILIA/SAO PAULO, May 13 The founder of Brazilian automaker CAOA said on Monday he is negotiating with Chinese business executives to make a joint acquisition of a Ford Motor Co plant near Sao Paulo.

UPDATE 1-Brazil's CSN nears German unit sale, in talks for ore streaming

May 09 2019

SAO PAULO, May 8 Brazilian steelmaker Companhia Siderurgica Nacional said on Thursday it is still in talks for a $500 million iron ore streaming deal and is close to reaching an agreement to sell its German unit.

UPDATE 2-Brazil automakers fret about cheap imports from Mexico

May 07 2019

SAO PAULO, May 7 Automakers in Brazil warned on Tuesday of the threat from cheap imported cars from Mexico, as the end of a cap on bilateral trade in the sector presents a new challenge to the dominance of local manufacturing in Latin America's largest auto market.

Court suspends Avianca Brasil bankruptcy auction of airport slots

May 06 2019

SAO PAULO A Brazilian appeals court on Monday suspended a bankruptcy auction set for Tuesday, in which struggling carrier Avianca Brasil hoped to raise at least $140 million by selling some of its coveted airport takeoff and landing rights, known as slots.

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