Passenger traffic at Grupo Aeromexico in December reached its highest level since the start of the COVID-19 pandemic, the Mexican airline said on Thursday, Reuters reported. Aeromexico transported 1.74 million passengers last month, or 98.9% of the 1.76 million people it moved in December 2019, the company said in a statement. Aeromexico's total offer, measured in available seat-kilometers (ASKs), was equivalent to 82.6% of the capacity of December 2019, the company said. Domestic capacity was up 13.6% from December 2019, while international capacity was 70.7% of that month.
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Resources Per Country
- Anguilla
- Bahamas
- Barbados
- Belize
- Bermuda
- British Virgin Islands
- Canada
- Cayman Islands
- Costa Rica
- Cuba
- Dominica
- Dominican Republic
- El Salvador
- Grenada
- Guadeloupe
- Guatemala
- Haiti
- Honduras
- Jamaica
- Mexico
- Montserrat
- Netherlands Antilles
- Nicaragua
- Panama
- Puerto Rico
- Saint Kitts and Nevis
- Saint Lucia
- Trinidad and Tobago
- Turks and Caicos Islands
- United States
- United States Virgin Islands
A Canadian restaurant that’s made headlines for bucking COVID rules has filed for bankruptcy, the Toronto Star reported. Nique Restaurant Inc. filed for an “assignment in bankruptcy” on Dec. 29, 2021, according to a notice of insolvency that ran in The Spectator on Wednesday. The notice provides few details about the bankruptcy, but notes that the first meeting of creditors of the business will be held later this month in Burlington.
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The bonds backed in bitcoin (BTC) that the Government of El Salvador will launch will be available in February and March 2022. This was confirmed on January 4, by the Minister of Finance, Alejandro Zelaya, CVBJ.biz reported. The Salvadoran official hopes that the strategy will be successful. Recall that, as reported by CriptoNoticias in November, the Central American country seeks to raise USD $1 billion through these bonds. The money will be used both to build the Bitcoin City and to acquire more BTC (to date, the nation has 1,391 bitcoins according to publicly available information).
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Mexico's annual auto sales rose by 6.8% in 2021, but were still far short of pre-pandemic levels as the car industry struggles to cope with shortfalls in semiconductors, official data showed on Wednesday, Reuters reported. Mexico sold 1,014,680 light vehicles last year, according to figures from the national statistics agency (INEGI) after sales fell 27.9% to 950,063 in 2020, a nine-year low. There were 1.3 million vehicles sold in 2019 before the pandemic while 2016 saw a record 1.6 million sales.
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Canada's Centerra Gold on Monday confirmed it was in talks with the Kyrgyzstan government for an out-of-court settlement over a dispute in which the state seized the company's Kumtor mine, Reuters reported. In May 2021, Centerra kicked off arbitration against the former Soviet republic after it took over the country's biggest mine for allegedly posing danger to human lives or the environment. The company also froze the government's stake when it seized the mine, meaning it does not have voting rights, nor is it entitled to dividends.
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The U.S. Centers for Disease Control and Prevention warned people on December 30 not to go on cruises, regardless of their vaccination status, because of onboard outbreaks fueled by the omicron variant, the Associated Press reported. The CDC said that it has more than 90 cruise ships under investigation or observation as a result of COVID-19 cases. The agency did not disclose the number of infections.
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A U.S. bankruptcy court has confirmed the chapter 11 plan to liquidate entities of troubled Eagle Hospitality Trust (EHT), following a confirmation hearing held on Dec 20, 2021, Business Times reported. The DBS Trustee said it does not expect unit-holders will receive any distributions on account of liquidating trust interests at this time. Under the plan, the stapled securityholders will only be entitled to a distribution only if there is value available at EH-Reit and only if holders of claims against EH-Reit have been paid in full.
A U.S. bankruptcy judge on Tuesday approved the $62 million sale of Limetree Bay refinery to a Jamaican oil storage company that intends to restart the refinery, Reuters reported. Private-equity investors had poured $4.1 billion into reviving the aging U.S. Virgin Islands facility, which was shut down by U.S. environmental regulators after a botched restart earlier this year. West Indies Petroleum, along with Port Hamilton Refining and Transportation, was named the winning bidder on Saturday by Limetree after a second auction was conducted over the weekend.
Prime Minister Justin Trudeau’s government is expanding the number of businesses that can use Covid-19 aid programs as the omicron variant fuels a surge in cases and new restrictions in Canada, Bloomberg News reported. At a press conference with Finance Minister Chrystia Freeland, Trudeau said companies and individuals affected by new capacity limits will be eligible for extended financial help. Firms can receive wage and rent subsidies of 25% to 75% depending on how much revenue they’ve lost, the government said in a statement.
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Canada's second most populous province of Quebec ordered bars, gyms and casinos shut on Monday and directed people to work only from home to fight the rapid spread of the Omicron variant of the coronavirus, Reuters reported. Health minister Christian Dube said the province had a record 4,500 new cases of the coronavirus a day and predicted worse was yet to come. He urged Quebecers to cut down their personal contacts with the approach of Christmas and New Year's Day. The new measures were due to take effect at 5 p.m. (2200 GMT) on Monday. "The situation is critical ...
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