Airline lobby group IATA
has urged the Brazilian government and state-run oil company
Petrobras to tweak the way jet fuel is charged in the
country in order to reduce costs, calling kerosene prices.
Airline lobby group IATA has urged the Brazilian government and state-run oil company Petrobras to tweak the way jet fuel is charged in the country in order to reduce costs, calling kerosene prices in the South American nation "excessively high." The International Air Transport Association (IATA) said in a statement on Monday that local prices "do not reflect the reality of an oil producing country," adding that fuel costs were one of the main challenges faced by the sector in Brazil. Petrobras is Brazil's largest oil producer and responsible for most of the country's refining activity.
Brazilian airline Azul SA is interested in buying the whole of Chile's bankrupt LATAM Airlines Group and is ready to make an offer if creditors fail to agree on a restructuring plan, Azul Chief Executive John Rodgerson told Chilean newspaper Diario Financiero on Monday.