Watching Carnival right ....search google.......now at "TVbrasil,ebc,webtv".... ....No Zika fears down there. Everybody partying. Yehaaawwww.
The Credit Rating downgrade could put pressure on Congress to ACT QUICKLY to pass legislation lifting the % limitation on Foreign ownership of Brazilian Airline.
February 03, 2016
..."....According to a newspaper report, Brazil’s President, Dilma Rousseff, will propose legislation that would give the government the power to approve foreign ownership of Brazilian carriers, even if the airlines only served domestic markets.
If Rousseff is given the discretion to allow foreign ownership, it would be a major change for the airline industry in Brazil. Currently, foreign investors can own Brazil-based airlines, but they cannot have more than a 20 percent stake in one airline. Under the new legislation, approved investors from outside Brazil could own up to 100 percent of these airlines......Obviously, the new legislation would go much further than that. An anonymous source from the President’s office told Reuters that high-level discussions had built momentum for the new legislation......"
Brazilian lawmakers return from their annual recess today with an overwhelming list of work to do as the country sinks into a broadening political, economic and health crisis.
Lets hope there is some movement on Foreign Ownership % increase in the passenger Airline field.
We need Delta or another Airline to swoop in.
...Brazil’s ever deepening economic woes appear to be finally catching up with the country’s banks....Concerns that loan delinquencies will sharply rise over the next 12 months as more of the country’s consumers struggle to repay their bills, rattled other Brazilian financial stocks.
Delta Air Lines Inc. holds 16% of GOL’s preferred shares, sits on it's board, ...would it not make sense to provide jet fuel and Maintenance services to GOL at a reduced cost? I am going to do some checking.
"....More than half of Gol’s costs, such as for fuel and maintenance, are linked to the dollar, while 86.1 percent of the company’s revenue is generated in reais, the company said in September...'
Give us some videos or updates on improvements, changes, expansion, etc. Drone delivery if successful is going to expand. The Big boys Fedex, AMzn, Ups, DHL, someday may meet full saturation in the US and may look for expansion opportunities. Brazil being the 5th largest economy might just be a possibility for expansion. jmho.
Carnival starts this week, Olympics coming, GOL does package delivery, Cheap oil, Possibility of Foreign Airline ownership % increase....Brazil is in the dumps right now...Zika, Corruption, crime, but one day hopefully the bad will end. jmho
hmmmm...Zika Virus affect...
......"....The experts agree that the reported size of the microcephaly increase so far is probably inflated — and this chimes with the latest figures from the Brazilian government. On 27 January, it said that of 4,180 suspected cases of microcephaly recorded since October, it has so far confirmed 270 and rejected 462 as false diagnoses...."
Brazil is in the dumps....Corruption, Impeachment, Low Oil price, Crime, Job Loss, and NOW ZIKA virus...yikes! But where theres misery there could just be opportunity for when the misery ends. Do your DD. Olympics coming, Carnival starts next week, Oil bottoming, etc. yehaw
“We do believe that the Brazilian sugar cane milling and also ethanol industry is at a turning point, that we hit the bottom,” said Schroder of Bunge, which moves about 6.5 million tons a year in its sugar and bioenergy division. “There’s light at the end of the tunnel.”
Hmmm...This along with Increasing the foreign Airline Ownership % could help the Airline industry. Brazil needs foreign Investment...Dollars...Euros...hello
LEt's just get this deal one and go to the next. I have been buying GOL( Brazilian Airline)....sweeeet
Brazil needs "Dollars". . The country is hurting badly. Maybe the Government will lift "restrictions" on Foreign ownership of Brazilian Airline to FULL or Higher % ownership.
Zika Virus affect...Exaggerated?
..."....The experts agree that the reported size of the microcephaly increase so far is probably inflated — and this chimes with the latest figures from the Brazilian government. On 27 January, it said that of 4,180 suspected cases of microcephaly recorded since October, it has so far confirmed 270 and rejected 462 as false diagnoses...."
GOL poPPING today....OH my Brazil Did get much more worse "Zika" but it could b an opportunity..... "....a high rate of misdiagnoses among reported cases is likely because the diagnostic criteria being used for microcephaly are broad..."
Something has to give!
I wonder if Walmart closing stores could mean a run at RAD?...hmmmmmm