UPDATE 1-LATAM Airlines says no Brazil sales impact yet from Zika worries "So far, there has been no impact on reservations at TAM... due to the cases of Zika virus in Brazil and in other locations where the airline operates," Chile- headquartered LATAM said. The rapidly spreading Zika virus, suspected to be linked to thousands of birth defects in Brazil, appears to be discouraging some tourists from traveling to Latin America and the...
| By: Anthony Esposito and Felipe Iturrieta
UPDATE 1-HK insurance targeted as China seeks to stem outflows HONG KONG, Feb 3- China is cracking down on a popular method of moving money out of the country, putting a limit on purchases of insurance products in Hong Kong using the country's ubiquitous UnionPay credit and debit cards, sources told Reuters. Wealthy Chinese have been piling into insurance and investment products offered by Hong Kong- based insurers, agents...
| By: Michelle Chen and Clare Jim
China imposing limits on HK insurance purchases - sources HONG KONG, Feb 3- China is cracking down on a popular method of moving money out of the country, putting a limit on purchases of insurance products in Hong Kong using the country's ubiquitous UnionPay credit and debit cards, two sources told Reuters. The limit for each transaction made in Hong Kong by using UnionPay cards issued in the mainland to pay premiums will...
| By: Michelle Chen
Brazil airline Azul eyes private placement of mileage program -report SAO PAULO, Feb 1- Brazilian airline Azul SA may sell its mileage program TudoAzul in a private placement due to a challenging market for initial public offerings, according to a Bradesco BBI analyst report citing an interview with Azul's chief financial officer John Rodgerson.
UPDATE 1-Gol shares jump on news Brazil may lift foreign stake limit SAO PAULO/ BRASILIA, Feb 1- Shares of Brazilian airline Gol soared nearly 40 percent on Monday after a newspaper reported the government is considering the end of limits on foreign ownership of domestic airlines to attract investment to the struggling sector. Last year Congress debated a proposal to lift the foreign ownership limit to 49 percent.
| By: Brad Haynes and Alonso Soto
UPDATE 2-IAG, American Airlines agree joint venture deals with LATAM Airlines SANTIAGO/ LONDON, Jan 15- Chile-headquartered LATAM Airlines has signed joint business agreements to deepen its ties with American Airlines Group and IAG's British Airways and Iberia, all members of the Oneworld Alliance. Davy analyst Stephen Furlong said the new agreement would give LATAM and IAG about a third of the capacity on Europe to South America...
| By: Anthony Esposito and Sarah Young