Cayman Islands Premier McKeeva Bush said Friday that negotiations with China Harbour Engineering Company on the construction of cruise berthing facilities for Grand Cayman would have to be extended for a few more months.

After recently reporting a rise in the company’s hotel earnings, Meliá Hotels International reported a new valuation of its property assets made by Jones Lang LaSalle Hotels.

US Airways, according to reports over the weekend, is once again expressing interest in buying American Airlines, which is currently operating under Chapter 11 bankruptcy protection.

Growth in aviation and related security business is driving economic growth in Latin America and the Caribbean where it has created more than 4 million jobs and contributed $107 billion to national earnings, a report said. Air transport expansion led to new business growth across a wide economic spectrum.

The atmosphere was ripe for investment last week when the Antigua and Barbuda Investment Authority, in collaboration with the Ministry of Tourism and the Jolly Harbour Marina, presented numerous investment opportunities to a group of Russian businessmen on island for a week of sailing and business.