Brazil’s leading airline, TAM SA, expects the country’s domestic aviation market to grow by up to 12 percent next year as incomes and employment levels continue to rise in Latin America’s largest economy and new promotions attract first-time, lower-income fliers.

Brazil’s leading airline, TAM SA, expects the country’s domestic aviation market to grow by up to 12 percent next year as incomes and employment levels continue to rise in Latin America’s largest economy and new promotions attract first-time, lower-income fliers.

Brazil’s leading airline, TAM SA (TAM), said Monday that it has acquired small local airline Pantanal Linhas Aereas SA for 13 million Brazilian reals ($7.3 million).

Brazil’s leading airline, TAM SA (TAM), said Monday that it has acquired small local airline Pantanal Linhas Aereas SA for 13 million Brazilian reals ($7.3 million).

Carnival Corporation has posted net income of $193 million on revenues of $3.2 billion for its fourth quarter ended November 30, 2009. Company’s fiscal fourth-quarter earnings fell 48 percent amid falling yields. Net income for the fourth quarter of 2008 was $371 million on revenues of $3.3 billion.

Orient-Express Hotels Ltd., owners or part-owners and managers of 49 luxury hotels, restaurants, tourist trains and river cruise properties operating in 25 countries, has acquired a fifth property in Peru, an existing hotel in the Sacred Valley of the Incas.