By , , The companies have been in discussions to assess whether various contractual conditions have been met for the tie-up, including the way a new venture 80%-owned by Boeing would be set up and funded, and have the rest of Friday to resolve the issue.The deal also depends on delayed approval from the European Union which has said it needs until August to complete its anti-trust probe after the deal was cleared by other regulators, but this is not seen as the main stumbling block.Neither company agreed to comment.People familiar with the matter stressed that the deadline expires at...…By , , The companies have been in discussions to assess whether various contractual conditions have been met for the tie-up, including the way a new venture 80%-owned by Boeing would be set up and funded, and have the rest of Friday to resolve the issue.The deal also depends on delayed approval from the European Union which has said it needs until August to complete its anti-trust probe after the deal was cleared by other regulators, but this is not seen as the main stumbling block.Neither company agreed to comment.People familiar with the matter stressed that the deadline expires at...WW…

By , BUENOS AIRES (Reuters) - Argentina on Monday banned all commercial flight ticket sales until September, one of the toughest coronavirus travel bans in the world, prompting an industry outcry that the new measure will put too much strain on airlines and airports.Slideshow While the country’s borders have been closed since March, the new decree goes further by banning until Sept. 1 the sale and purchase of commercial flights to, from or within Argentina. The decree, signed by the National Civil Aviation Administration, said it was “understood to be reasonable” to implement the...…By , BUENOS AIRES (Reuters) - Argentina on Monday banned all commercial flight ticket sales until September, one of the toughest coronavirus travel bans in the world, prompting an industry outcry that the new measure will put too much strain on airlines and airports.Slideshow While the country’s borders have been closed since March, the new decree goes further by banning until Sept. 1 the sale and purchase of commercial flights to, from or within Argentina. The decree, signed by the National Civil Aviation Administration, said it was “understood to be reasonable” to implement the...WW…

By Marcelo RochabrunLA PAZ (Reuters) - Bolivia's president-elect Luis Arce told Reuters on Tuesday that there was "no role" in his government for socialist party leader Evo Morales, who governed for almost 14 years before resigning under pressure last year and fleeing the country.Arce swept to power in a Sunday ballot, with the official count - technically still underway - showing him with a majority of the vote, ushering the Andean country's socialists back into office just a year after Morales left.From exile in Argentina, Morales remains the president of Arce's party, the Movement Toward...…By Marcelo RochabrunLA PAZ (Reuters) - Bolivia's president-elect Luis Arce told Reuters on Tuesday that there was "no role" in his government for socialist party leader Evo Morales, who governed for almost 14 years before resigning under pressure last year and fleeing the country.Arce swept to power in a Sunday ballot, with the official count - technically still underway - showing him with a majority of the vote, ushering the Andean country's socialists back into office just a year after Morales left.From exile in Argentina, Morales remains the president of Arce's party, the Movement Toward...WW…

By , LONDON/SAO PAULO (Reuters) - 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.U.S. authorities allege the giant telecom-gear maker used the firm to skirt American economic sanctions on Iran between 2007 and 2014. Huawei has said it sold the business in 2007 and denies any wrongdoing.Now, Reuters has uncovered previously unreported links in Brazil between Huawei and the company, Skycom Tech Co Ltd, that could offer support to the U.S. case against the tech giant and Meng Wanzhou,...…By , LONDON/SAO PAULO (Reuters) - 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.U.S. authorities allege the giant telecom-gear maker used the firm to skirt American economic sanctions on Iran between 2007 and 2014. Huawei has said it sold the business in 2007 and denies any wrongdoing.Now, Reuters has uncovered previously unreported links in Brazil between Huawei and the company, Skycom Tech Co Ltd, that could offer support to the U.S. case against the tech giant and Meng Wanzhou,...WW…

By , , Boeing accused Embraer of failing to meet conditions for closing the transaction, but Embraer said Boeing had torpedoed it because of wider financial problems it faces as a result of the coronavirus crisis and the grounding of its 737 MAX.“Embraer believes strongly that Boeing has wrongfully terminated the (agreement,)” the Brazilian company said.Boeing struck a more emollient tone but behind the scenes, both sides were bracing for months of argument over the breakup.“Over the past several months, we had productive but ultimately unsuccessful negotiations ... We all aimed to resolve...…By , , Boeing accused Embraer of failing to meet conditions for closing the transaction, but Embraer said Boeing had torpedoed it because of wider financial problems it faces as a result of the coronavirus crisis and the grounding of its 737 MAX.“Embraer believes strongly that Boeing has wrongfully terminated the (agreement,)” the Brazilian company said.Boeing struck a more emollient tone but behind the scenes, both sides were bracing for months of argument over the breakup.“Over the past several months, we had productive but ultimately unsuccessful negotiations ... We all aimed to resolve...WW…

By , SAO PAULO/BRASILIA (Reuters) - Brazil’s Embraer SA said on Monday it had begun an arbitration process against Boeing Co, after the U.S. planemaker abruptly canceled a $4.2 billion deal over the weekend that was years in the making.The deal’s collapse was not well received by investors who appeared to have hoped until the last minute that the takeover would not fall apart. Boeing shares fell to an 8-year low before paring losses and closing 7.5% lower.But Brazil’s government, which used to own Embraer and is still the company’s largest military client, took a more upbeat tone. It eyed...…By , SAO PAULO/BRASILIA (Reuters) - Brazil’s Embraer SA said on Monday it had begun an arbitration process against Boeing Co, after the U.S. planemaker abruptly canceled a $4.2 billion deal over the weekend that was years in the making.The deal’s collapse was not well received by investors who appeared to have hoped until the last minute that the takeover would not fall apart. Boeing shares fell to an 8-year low before paring losses and closing 7.5% lower.But Brazil’s government, which used to own Embraer and is still the company’s largest military client, took a more upbeat tone. It eyed...WW…

By , , If it fails to come out of bankruptcy, Bogota-based Avianca would be one of the first major carriers worldwide to go under as a result of the pandemic, which has crippled world travel.Avianca has not flown a regularly scheduled passenger flight since late March and most of its 20,000 employees have gone without pay through the crisis.“Avianca is facing the most challenging crisis in our 100-year history,” Avianca Chief Executive Anko van der Werff said in a news release.While Avianca was already weak before the coronavirus outbreak, its bankruptcy filing highlights the challenges for...…By , , If it fails to come out of bankruptcy, Bogota-based Avianca would be one of the first major carriers worldwide to go under as a result of the pandemic, which has crippled world travel.Avianca has not flown a regularly scheduled passenger flight since late March and most of its 20,000 employees have gone without pay through the crisis.“Avianca is facing the most challenging crisis in our 100-year history,” Avianca Chief Executive Anko van der Werff said in a news release.While Avianca was already weak before the coronavirus outbreak, its bankruptcy filing highlights the challenges for...WW…