A Bahamas government official said this week the country is working on an agreement to pay $21 million reportedly owed to the resort’s developers for road construction associated with the project.
Net income soared to $222 million, or 29 cents per share, compared to $98 million and 13 cents per share in the second quarter of 2014. The company reported non-GAAP net income of $193 million, or 25 cents per share.
Following an announcement this morning from Kuoni Group that it has secured an agreement to sell its European tour operating businesses to DER Touristic, the travel division of REWE Group, UK managing director Derek Jones has welcomed the news.
Two major new casino resort developments are coming to Jamaica. The country’s Cabinet this week gave approval for provisional development orders for a pair of developers for huge new casino resort projects.
The Airline Business Magazine has just published the results of their study focusing on the “low cost” carriers for 2014. 100 companies were analyzed, the largest remains Southwest with 135.8 million passengers and the smallest being the Mexican Magnicharters with 1.1 million passengers.
The agreement also encompasses IATA offering technical and professional advice for the current Mexico City airport to ensure it continues to operate efficiently until the new facility is completed around 2020.




