Juan Carlos Varela, President of the Republic of Panama and Barack Obama, President of the United States of America, witnessed a historic agreement in which Copa Airlines (NYSE: CPA) and Boeing (NYSE: BA) announced the order of 61 737s MAX 8 and 9. The total value of the deal is $6.6 billion dollars, according to the published price list, making this the largest transaction between a Panamanian and a US company.
With capacity for 68 passengers and improvements in cabin service, Avianca will be starting operations from Costa Rica in a new ATR72-600 aircraft from 1 November, running two daily direct flights between Costa Rica and Panama, one in the morning and on the night and a daily direct flight between Costa Rica and Managua, Nicaragua.
As part of a plan to invest $100 million purchase of two aircraft for use in rescues, weather radar and the building of a network of heliports is being contemplated.
Although the five-year plan is still under development, the director of the Civil Aviation Authority (CAA), Alfredo Fonseca Mora said he also sees "... the possibility of building an airstrip in Tonosí, Los Santos, and Santa Catalina, in Veraguas there is potential for tourism because of its beaches where international surfing competitions are held. "
The government is negotiating technical and financial arrangements with Brazil's Embraer for the recovery of the current fleet and eventual acquisition of new aircraft.
After the United States rejected the request to service the fleet of fighter jets, the Honduran government has announced that "...This week, President Juan Orlando Hernandez is scheduled to meet with representatives from the company Embraer to manage the upgrading of the fleet of the Honduran Air Force (HAF). "
The Government of Guatemala had to pay $600K for canceling a loan granted by the BNDES in Brazil to buy aircraft from Embraer, another Brazilian company.
S21.com reports that "The government paid $595,461.22 on 19 February because it did not confirm the adquistion of a $133 million loan from the National Bank for Economic and Social Development (BNDES) for the purchase of six A-29 Super Tucano aircraft."
The President Otto Perez is to visit the country where he will arrange for the purchase of fighter jets after deciding not to buy them from Brazil.
The president announced a tour on the 9th and 10th of December in which he will be looking for "the support of the Israeli government on the issue of appropriate weapons for security forces in Guatemala and the possible acquisition of aircraft," noted an article in Estrategiaynegocios.net.
The suspension has been ordered of a $133 million disbursement for the purchase of six Super Tucano airplanes which were to be used to control of the country's airspace.
From a press release published in Diario de Centro América:
"We have doubts about whether the six Super Tucanos are overvalued. There were negotiated by the last government," indicated President Otto Perez Molina, referring to the suspension of the disbursement for $133 million for the acquisition of these light attack aircraft, to be used for airspace control.
During the first quarter, the Intur approved tourism incentives for the purchase of aircraft and three hotel projects.
"Between January and March this year, the Nicaraguan Institute of Tourism (Intur) approved $20.5 million for tourismincentives for small and medium businesses, and expects to increase that amount to more than $51 million at the end of the first half of 2013 ", reported Laprensa.com.ni.
Embraer announced the sale to the Central American country of 6 Super Tucano fighter planes, plus 3 primary radars and a command control system, at an estimated cost of more than $170 million.
Although the Brazilian company did not disclose the amount paid by Guatemala, estimates made at the beginning of purchase negotiations last summer point to a minimum of $170 million as the amount of the contract, which includes logistical operational support and training for pilots and mechanics.
The Guatemalan Congress has approved borrowing from banks in Brazil and Argentina for the purchase of six Super Tucano aircraft and a tactical air control center.
Elperiodico.com.gt reports that the preamble refers to the need to monitor areas like Alta Verapaz, Baja Verapaz and Petén, to weaken the activities of organized criminals and drug traffickers in these regions under project entitled ‘Construction of a System for Monitoring and Protection of the Mayan Biosphere.
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