Copa Holdings, S.A. and its Copa Airlines and Aero Republica operating subsidiaries, said passenger traffic (RPM) for March 2008 increased 13.2 percent, while capacity (ASM) increased 15.5 percent. This resulted in a load factor of 80.2 percent, a 1.6 percentage point decrease when compared to March 2007.
Accor announced that it has signed a partnership agreement with Walter Torre, one of Brazil’s leading real estate investors, to develop a network of 20 Formule 1 and Ibis hotels in Brazil by 2010. The project represents nearly 5,000 rooms and a total investment of about €200 million.
It was announced last week that the popular luxury resort Cap Juluca in Anguilla was sold to an investor syndicate led by noted travel industry executive Adam M. Aron.
David Neeleman, founder of JetBlue Airways and chairman of the airline’s board of directors, will not be standing for re-election at the airline’s annual shareholders meeting May 15.
Two of the U.K.’s major trade associations, the Association of British Travel Agents and the Federation of Tour Operators, agreed to join forces on July 1.
Working with its board of directors and its travel agent and supplier members, ASTA wants to contribute to accelerating New Orleans’ recovery after Hurricane Katrina by promoting travel to the city.
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