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☆ All 61 people aboard plane killed in Brazil crash
▼ + stars: | 2024-08-10 | by ( Antonio Planas | Antonio Planas Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +2 min

The airline said it did not have any information on how the plane crashed. The plane, flight 2283, fell in the city of Vinhedo, Voepass Linhas Aéreas said. Fire and smoke from a plane that crashed by a home in Vinhedo, Sao Paulo state, Brazil, Friday. Felipe Magalhaes Filho / via APResponders near the site of the crash in a residential area of Vinhedo, Brazil on Friday. APTNResponse teams have been mobilized in the neighborhood where the plane crashed.

Persons: Paulo, Voepass, São Paulo, Luiz Inácio Lula da Silva, Linhas Aéreas, Felipe Magalhaes Filho, APTN, Brazil's Organizations: Guarulhos, Firefighters, U.S . National Transportation Safety Board, Federal Aviation Administration, NTSB Locations: Brazil, Cascavel, Paraná, São, Vinhedo, Sao Paulo state, Europe

☆ Joe Sharkey, Travel Writer Who Survived Midair Collision, Dies at 77
▼ + stars: | 2023-11-15 | by ( Sam Roberts | More About Sam Roberts | ) www.nytimes.com time to read: +1 min

The cause was a hypertensive stroke, said his wife, Nancy Sharkey, a retired Times editor. The executive jet managed to land safely at a remote military airport, but the Gol Linhas Aéreas commercial airliner it collided with did not have such a fortunate fate: It nose-dived to the ground, killing all 154 people on board. It was the deadliest civilian aviation accident in Brazil at the time. The collision prompted inquiries by Brazil’s military and by American transportation safety investigators. Both placed blame on air traffic controllers but never fully resolved who was at fault or why the planes were flying at the same altitude.

Persons: Joe Sharkey, Nancy Sharkey, Mr, Sharkey Organizations: The New York Times, Boeing, Business Jet, Embraer Locations: The, Brazil, Tucson, Ariz

☆ These 4 stocks report quarterly results next week. Here's what we hope to see
▼ + stars: | 2023-11-04 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

The major averages rebounded strongly this week as quarterly earnings came in largely better than expected and interest rates fell on softer economic data. The Dow Jones Industrial Average rose more than 5% for its best week since October 2022. The big theme next week is earnings and the four portfolio companies delivering their quarterly results. Here's the full rundown of all the important domestic data in the week ahead as we consider a number areas of our portfolio for trades next week. ET: Treasury budget statement for October (See here for a full list of the stocks in Jim Cramer's Charitable Trust.)

Persons: FactSet, we'll, Hulu —, Krystal, Horton, Zimmer, LEV, Armour, Ralph Lauren Corporation, CRON, Patterson, Walt Disney, MARA, Ginkgo, FREYR Battery, FREY, Arcelor Mittal, Wynn, Jim Cramer's, Jim Cramer, Jim Organizations: Dow Jones, Nasdaq, ISM, Services, Coterra Energy, Emerson Electric, Wall, National Instruments, Disney, Hulu, CNBC, Comcast, ESPN —, Wynn Resorts, WYNN, Asia that's, Wynn, Wynn's, Wynn Interactive, United, Brookfield Asset Management, Axsome Therapeutics, Network Corporation, Krystal Biotech, Ceragon Networks, Kosmos Energy Ltd, TreeHouse Foods Inc, Air Lease Corporation, Inc, Eversource Energy, Fennec Pharmaceuticals Inc, Graham Corporation, Aereas Inteligentes, Hilton, Energy, Realty Income Corp, Semiconductors, Vertex Pharmaceuticals Inc, Clover Health, Contura Energy, Diamondback Energy, FS KKR Capital Corp, Celanese Corp, Eos Energy Enterprises, Goodyear Tire & Rubber Company, WEN, Pall Corp, TransMedics, Emerson, Uber Technologies, Holdings, Melco Resorts, Entertainment, Zimmer Biomet Holdings, ACM Research, Lion Electric Company, Emerson Electric Co, Vertex Energy, Waters Corp, Air Products & Chemicals, Esperion Therapeutics, Fidelity National Information Services Inc, Bowlero Corp, Hotels, KKR, Co, Devon Energy Corp, Occidental Petroleum Corp, Dutch Bros Inc, Gilead Sciences, ContextLogic Inc, Akamai Technologies, Viatris Inc, Technologies, Corsair, Enovix Corporation, eBay, EBAY, DaVita Inc, Pan American Silver Corp, Roblox Corporation, Fisker Inc, Warner Bros ., Nuvei Corporation, Farms, Akebia Therapeutics, Biogen Inc, 3D Systems Corporation, Gray Television Inc, BlackSky Technology Inc, Cronos, EVgo Inc, Lumentum Holdings Inc, Nexstar Media Group, UTI Energy, Starwood Property Trust, AMC Entertainment Holdings, Marathon Digital Holdings, IonQ Inc, Digital Turbine, Virgin Galactic Holdings , Inc, Arm Holdings plc, ARM, Ginkgo Bioworks Holdings, Suncor Energy, AppLovin Corporation, B2Gold Corp, Luminar Technologies, MGM Resorts International, MGM, Bloom Energy Corporation, Li Auto Inc, Oatly, Kopin Corp, Fiverr International, YETI Holdings, YPF S.A, Ship Lease, Himax Technologies Inc, Dickinson, CommScope Holding, RBC, Agile Therapeutics, Apyx Medical Corporation, Grab Holdings, Hawaiian Electric Industries, Profire Energy, Flags Inc, Stereotaxis Inc, TransDigm, US Foods Holding Corp, Utz Brands, Valvoline Inc, Weibo Corporation, Wix.com Ltd, Trade, Petroleo Brasileiro SA Petrobras, Growth, Aurora Cannabis Inc, Navitas Semiconductor Corp, Archer Aviation Inc, Semiconductor, Energy Fuels Corp, Illumina Inc, Spike Investment Corp, Algonquin Power & Utilities Corp, AngloGold, Central Puerto S.A, Hudson Global, AirSculpt Technologies, Partners, Soho House, Jim Cramer's Charitable, Handout, Getty Locations: U.S, Macao, Asia, China, Las, Singapore, Wynn's Vegas, Boston, United Arab Emirates, Gilead, VVV, Central, Soho

SAO PAULO, May 16 (Reuters) - France's Thales SA (TCFP.PA) will provide maintenance services for Brazilian airline Gol (GOLL4.SA) in Brazil instead of abroad, the companies outlined on Tuesday in a deal that aims to cut turnaround time and lower costs. Under the deal, Gol Linhas Aereas Inteligentes SA, as the airline is formally known, will no longer need to ship its Thales equipment to the United States or France for maintenance, as they will now be repaired at a Thales plant near Sao Paulo. Thales supplies avionics to Gol, which has a fleet of roughly 120 Boeing (BA.N) aircraft, and to local rival Azul , which mainly operates Airbus (AIR.PA) and Embraer (EMBR3.SA) aircraft. Gol and Thales did not disclose financial details of their deal, but the carrier's director of maintenance, Fernando Miwa, said Thales' investments in Brazil would provide local operators with an opportunity to cut costs. "The market for this type of service in Brazil is still very limited," Miwa said.

☆ Brazil airline Gol's shares soar after unexpected Q4 net profit
▼ + stars: | 2023-03-08 | by ( Gabriel Araujo | ) www.reuters.com time to read: +2 min

The surprisingly strong figures sent shares in the company soaring more than 12% in Sao Paulo morning trading, with analysts highlighting improving operating figures and strong revenue trends. The firm's shares had already jumped roughly 30% in the previous two sessions after rival carrier Azul SA predicted bluer skies ahead, driving travel-related stocks in Brazil up. Analysts polled by Refinitiv had forecast a net loss of 484.75 million reais. Quarterly net revenue totaled 4.7 billion reais, up 61.7% and above analysts' forecasts of 4.46 billion. Full-year net revenue expectations were reduced by 500 million reais to about 19.5 billion reais, but diluted earnings per share in the full year were kept at 0.3 real, the airline added.

☆ Shares in Brazil's Azul soar as carrier sees bluer sky ahead
▼ + stars: | 2023-03-06 | by ( Gabriel Araujo | ) www.reuters.com time to read: +3 min

Other travel-related companies in Latin America's largest economy also soared, with shares in fellow carrier Gol Linhas Aereas Inteligentes SA (GOLL4.SA) and travel agency CVC Brasil (CVCB3.SA) rising 23% and 16%, respectively. The company also scrapped its forecast for roughly 3 billion reais cash burn in 2023. Azul expects to generate record revenue of 20 billion reais ($3.84 billion) this year and record earnings before interest, taxes, depreciation, and amortization (EBITDA) of more than 5 billion reais, roughly 40% above 2019 pre-pandemic levels, Rodgerson said. Non-adjusted figures, nonetheless, showed a positive bottom line of 231.2 million reais, reversing the previous year's loss. Total operating revenue rose 19.4% to 4.45 billion reais in the period, slightly below analysts' forecasts, while EBITDA matched expectations at 1.1 billion, up 6.9%.

☆ Colombian airlines Avianca, Viva appeal against merger denial
▼ + stars: | 2022-11-24 | by ( ) www.reuters.com time to read: +2 min

BOGOTA, Nov 23 (Reuters) - Colombian airlines Avianca and Viva have appealed to the aviation regulator after it denied their plan to merge, proposing steps to allay its concerns, such as yielding some routes to competitors, the companies said on Wednesday. In an April agreement to merge the airlines envisaged retaining their respective brands and business strategies as the travel sector struggled with the COVID-19 pandemic. But the governing body of Colombia's civil aviation regulator objected, saying the merger posed risks to competition and the best interests of consumers. The airlines also expressed interest in working with state-owned Satena to boost links to Colombia's most remote regions. Avianca said the appeal and measures it was proposing would improve Viva's finances, yielding benefits for employees and suppliers.

☆ Brazil airline Gol narrows Q3 net loss on record revenue
▼ + stars: | 2022-10-27 | by ( ) www.reuters.com time to read: +1 min

Gol Linhas Aereas Inteligentes SA, as the company is formally known, posted a net loss of 1.55 billion reais ($287.84 million) in the quarter ended in September, narrowing from a 2.52 billion real loss in the same period last year. The company said the bottom line was affected by foreign exchange losses, which reached a total 738 million reais in the quarter. It managed to deliver a record quarterly net revenue, more than doubling from a year ago to 4.0 billion reais and above pre-pandemic levels, a securities filing showed. Gol also updated some of its full-year forecasts to reflect higher jet fuel prices, current ticket sale levels and 2022 results so far, it said. Gol kept its full-year net revenue forecast at 15.4 billion reais and said diluted earnings per share are expected to come in at zero, from a non-available estimate earlier.

☆ Gol Airline Will Pay $41.5 Million to Settle Bribery Charges With U.S., Brazilian Authorities
▼ + stars: | 2022-09-16 | by ( Dylan Tokar | ) www.wsj.com time to read: +2 min

One of Brazil’s largest airlines admitted to violating antibribery laws and agreed to pay $41.5 million in penalties over a decade-old scheme to influence lawmakers in Brazil. The São Paulo-based airline also was fined by Brazilian authorities for the same conduct, the U.S. agencies said. Federal prosecutors imposed a $15.3 million fine, while regulators at the SEC levied $22.8 million in penalties. Gol has also agreed to pay another $3.4 million in penalties in Brazil, according to U.S. authorities. Newsletter Sign-up WSJ | Risk and Compliance Journal Our Morning Risk Report features insights and news on governance, risk and compliance.

☆ Brazilian airline Gol's Ferrer to take over as CEO
▼ + stars: | 2022-05-16 | by ( ) www.reuters.com time to read: 1 min

SAO PAULO, May 16 (Reuters) - Gol Linhas Aereas Inteligentes SA (GOLL4.SA) said on Monday that Chief Operating Officer Celso Ferrer will become the Brazilian airline's chief executive on July 1, succeeding long-time top executive Paulo Kakinoff. Ferrer, 39, has worked for the company since 2003, having also served previously as chief planning officer. Less than a week ago, Gol announced it was combining with Colombia's Avianca under the roof of a common holding company called Abra Group, a deal that is set to create one of Latin America's largest airline groups. read moreKakinoff, who had been Gol's CEO since 2012, will become a board member in the company, Gol added in a securities filing. Reporting by Gabriel Araujo; editing by Jason Neely and Paul SimaoOur Standards: The Thomson Reuters Trust Principles.

☆ Mercadolibre, Brazilian airline Gol announce logistics partnership
▼ + stars: | 2022-04-19 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterAn aircraft of Gol Linhas Aereas Inteligentes SA prepares to depart from Congonhas airport in Sao Paulo, Brazil September 11, 2017. REUTERS/Paulo Whitaker/File PhotoSAO PAULO, April 19 (Reuters) - Mercadolibre Inc (MELI.O) and Brazilian airline Gol Linhas Aereas Inteligentes SA (GOLL4.SA) on Tuesday announced a 10-year logistics partnership for cargo transportation in the South American country. Register now for FREE unlimited access to Reuters.com RegisterWith the deal, Gol said it expects its logistics unit GOLLOG to add 100 million reais ($21.43 million) in revenue in 2022 and 1 billion reais over a five-year period. The airline also said it will save about 25 million reais in 2022 and 75 million reais in 2023 thanks to the partnership, as it updates its aircraft fleet. ($1 = 4.6654 reais)Register now for FREE unlimited access to Reuters.com RegisterReporting by Aluisio Alves; writing by Gabriel Araujo; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

☆ Boeing will give $1 million to Joe Biden's inauguration. Here's what that will buy the aerospace giant.
▼ + stars: | 2020-12-16 | by ( Dave Levinthal | ) www.businessinsider.com time to read: +5 min

Aerospace giant Boeing will donate $1 million to President-elect Joe Biden's inauguration, the company confirmed to Insider on December 10. Corporations that give $1 million to Biden's inaugural committee earn "chair" status and a host of exclusive perks, including invitations to a "virtual event" with Biden, Vice President-elect Kamala Harris, and their spouses. Several big-name corporations are lining up to give to Biden's inauguration as they seek to be on the good side of the incoming administration. Representatives for the Biden inaugural committee did respond to a request for comment. Carolyn Kaster/APA history of givingBoeing gave $1 million both to President Barack Obama's 2013 inauguration and President Donald Trump's 2017 inauguration, according to federal contribution records.

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