Pegasus Solutions has sold its financial services division, Pegasus Financial Services, to H.I.G. Capital, LLC. Confirming the sale, chief executive officer David Millili reported the company is now in growth mode with renewed focus on its core business.

Vueling, the Spanish low-cost carrier based in Barcelona, is to become part of International Airlines Group after the majority of its shareholders accepted IAG’s cash tender offer for the airline, following recommendation by the Vueling board.

The lower house of Mexico’s congress voted Tuesday to loosen longstanding restrictions on foreigners buying property along the coast and the nation’s borders, a proposal that drew stiff criticism from some quarters.

Latin America continues to grow, becoming a key market for big businesses worldwide. Boeing and Airbus are some of the companies holding an ongoing dispute for leadership in this market. It is estimated that in 20 years Latin America will require more than two thousand new passenger aircrafts.