News for today's 2018

<br /> <br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhI3f7FUiFMsz2l1IDDZPNLUf5SlK0rfFFmCZUzhbineYC0nFukdnMwebgBc3h5i6OIMbpaLBfut08Kw94AojFYpJMPmIyvQvLI5V9KKYxw81or_wwLrfP9egtpUFVPUrq5Bl9nZyGb8_Dr/s1600/austral-e190-1.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhI3f7FUiFMsz2l1IDDZPNLUf5SlK0rfFFmCZUzhbineYC0nFukdnMwebgBc3h5i6OIMbpaLBfut08Kw94AojFYpJMPmIyvQvLI5V9KKYxw81or_wwLrfP9egtpUFVPUrq5Bl9nZyGb8_Dr/s400/austral-e190-1.jpg" width="400" /></a></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-outline-level: 1;"><b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman"; mso-font-kerning: 18.0pt;"><br /></span></b><b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman"; mso-font-kerning: 18.0pt;"></span></b></div><div class="MsoNormal" style="line-height: normal; text-align: center;"><span style="color: #134f5c;"><span style="font-size: large;"><b><span style="font-family: "Times New Roman","serif";">BRAZIL INVESTIGATING SALE OF 20 EMBRAER E-190 TO AEROLÍNEAS ARGENTINAS, FEARING SURCHARGES</span></b></span></span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-outline-level: 1;"><b><u><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman"; mso-font-kerning: 18.0pt;"><br /></span></u></b></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-outline-level: 1;"><b><u><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman"; mso-font-kerning: 18.0pt;">Background Information</span></u></b><b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman"; mso-font-kerning: 18.0pt;">: See</span></b></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-outline-level: 1;"><br /></div><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><span style="color: blue;">CRIME AND CORRUPTION ARE TWO OF THE WORLD'S LARGEST MULTINATIONAL INDUSTRIES </span>at:</span></b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"></span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-outline-level: 1;"><b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman"; mso-font-kerning: 18.0pt;"><a href="http://news-these-days.blogspot.com.ar/2012/09/crime-corruption-and-political-system.html">http://news-these-days.blogspot.com.ar/2012/09/crime-corruption-and-political-system.html</a></span></b></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-outline-level: 1;"><b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman"; mso-font-kerning: 18.0pt;">and</span></b></div><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><span style="color: blue;">ARGENTINA, BARELY 30 YEARS OF DEMOCRACY, A YOUNG NATION TRYING TO FIND IT’S BEARING</span> at:</span></b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"></span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-outline-level: 1;"><b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman"; mso-font-kerning: 18.0pt;"><a href="http://news-these-days.blogspot.com.ar/2012/11/argentine-evolution.html">http://news-these-days.blogspot.com.ar/2012/11/argentine-evolution.html</a></span></b></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-outline-level: 1;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-outline-level: 1;"><b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt;"><span style="color: blue;">ARGENTINA HAS NO LIABLE POLITICAL OPPOSITION, OTHER THAN SELF SEEKING INDIVIDUALS FROM WITHIN THE PERONIST MOVEMENT </span>at: </span></b><b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman"; mso-font-kerning: 18.0pt;"></span></b></div><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;"><b><span style="color: blue; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"><a href="http://news-these-days.blogspot.com.ar/2012/04/argentina-country-without-visible.html">http://news-these-days.blogspot.com.ar/2012/04/argentina-country-without-visible.html</a></span></b></div><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;"><br /></div><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;"><br /></div><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt;"><span style="color: blue;">IF A COUNTRY NEGLECTS TO IMPROVE ITS INFRASTRUCTURE</span> at:</span></b><b><span style="color: blue; font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";"></span></b></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-outline-level: 1;"><b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt;"><a href="http://news-these-days.blogspot.com.ar/2012/09/if-country-neglects-to-improve-its.html">http://news-these-days.blogspot.com.ar/2012/09/if-country-neglects-to-improve-its.html</a></span></b><b><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman"; mso-font-kerning: 18.0pt;"></span></b></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-outline-level: 1;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-outline-level: 1;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman"; mso-font-kerning: 18.0pt;">Via Mercopress</span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-outline-level: 1;"><br /></div><div class="MsoNormal" style="line-height: normal; text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">BRAZIL’ aircraft manufacturer Embrear is again resurfacing suspicions regarding the sale of commercial planes to <b style="mso-bidi-font-weight: normal;">Aerolineas Argentinas</b> involving several million dollars in surcharges. The company informed the US Securities and Exchange Commission, SEC, that it is investigating companies from five different countries to which it sold aircraft allegedly in transactions suspicious of irregularities.</span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="color: #cc0000;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">2009 LIST PRICE FOR E-190 AMOUNTED TO 27.85 MILLION; ARGENTINA ALLEGEDLY PURCHASED THE BRAZILIAN AIRPLANE FOR 34.9 MILLION US DOLLARS PER UNIT</span></b></span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><br /></div><div class="separator" style="clear: both; text-align: center;"><b style="mso-bidi-font-weight: normal;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjFaDm2a0B2Q8pWqTqrya_saaFHeInZGOb5a6GfXG5g_h2gQxyK4UGPhj-kLYm0tOXhC_3MQd8AtRJANOvMSunG885WI4dLBq1m56eaiwx1hZbjB9Qbj8f-1Tweb6ENm-lvJCdSbg8wLYWi/s1600/embraer-190.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="171" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjFaDm2a0B2Q8pWqTqrya_saaFHeInZGOb5a6GfXG5g_h2gQxyK4UGPhj-kLYm0tOXhC_3MQd8AtRJANOvMSunG885WI4dLBq1m56eaiwx1hZbjB9Qbj8f-1Tweb6ENm-lvJCdSbg8wLYWi/s320/embraer-190.jpg" width="320" /></a></b></div><br />  <div class="MsoNormal" style="line-height: normal; text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">In 2009 ARGENTINA signed an agreement for the purchase of 20 Embraer E-190 aircraft for government controlled <b style="mso-bidi-font-weight: normal;">Austral</b>, an operation apparently involving 698 million dollars with a unit price of 34.9 million dollars. The E-190 is considered a mid range aircraft highly competitive and with a capacity of 100 to 115 pax.</span></div><div class="MsoNormal" style="line-height: normal; text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">However this sum is considered excessive by analysts if compared with what the going market price was at the time. The operation 80% financed by the BRAZILIAN Economic and Social development bank, BNDES, was signed by <b style="mso-bidi-font-weight: normal;">Federal Planning minister Julio De Vido</b>; then <b style="mso-bidi-font-weight: normal;">Transport Secretary Ricardo Jaime</b> and then <b style="mso-bidi-font-weight: normal;">Aerolineas Argentinas</b> president and currently <b style="mso-bidi-font-weight: normal;">Justice minister Julio Alak</b>.</span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="color: #cc0000;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">ARGENTINE GOVERNMENT HAD PAID 5 TO 6 MILLION DOLLARS IN EXCESS FOR EACH AIRCRAFT</span></b></span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><br /></div><div class="MsoNormal" style="line-height: normal; text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Magistrate Sergio Torres opened an investigation on suspicion that the ARGENTINE government had paid 5 to 6 million dollars in excess for each aircraft, which would add up to 100/120 million dollars. <b style="mso-bidi-font-weight: normal;">Aerolineas Argentinas</b>and the government rejected the claims arguing that in effect the original price was 30.6 million for each unit and the additional 4.3 million was the result of spare parts and pilot training.</span></div><div class="MsoNormal" style="line-height: normal; text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">The situation set off alarm bells in the aircraft industry and a warning from UNITED STATES SEC office to which the BRAZILIAN government responded by opening an internal investigation.</span></div><div class="MsoNormal" style="line-height: normal; text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">And last month Embraer sent an update report to SEC on investigations so far: “We received a summons from SEC in September 2010 requesting about certain operations relative to overseas sale of aircraft. In reply and to consultations over possible breach of US legislation on foreign corrupt practices, we contracted a foreign solicitor for an internal investigation into transactions with three specific countries”.</span></div><div class="MsoNormal" style="line-height: normal; text-align: justify;"><br /></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><span style="color: #cc0000;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">COMMON AVIATION INDUSTRY PRACTICE IS TO GIVE CONSIDERABLE REBATES WHEN LARGE AIRCRAFT DEALS ARE SIGNED</span></b></span></div><div class="MsoNormal" style="line-height: normal; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;"><br /></div><div class="MsoNormal" style="line-height: normal; text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">Likewise Embrear says it is willing to expand the area of investigation and has done so including two additional countries and in close cooperation with the US Secretary of Justice and SEC. “In case authorities decide on measures against us or the sides involved reach an agreement to solve the issue, we could be obliged to pay strong fines or incur in other sanctions”.</span></div><div class="MsoNormal" style="line-height: normal; text-align: justify;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">The case not only refers to market prices of the time but to the fact that when a big number of aircraft are involved, they usually are benefited with additional rebates.</span></div><div class="MsoNormal" style="line-height: normal; text-align: justify;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-fareast-font-family: "Times New Roman";">According to the specialized magazine <i>Aircraft Commerce</i>, in November 2008, an E-190 was sold to Aeroméxico for 29 million dollars and in July 2009, TACA airlines paid 30.5 million dollars for an E-195. Air Europa in 2009 paid 31 million dollars, also confirmed by the Airline Fleet Management magazine. Finally Ascend Aviation Insight said that in 2009, the E-190 had a going price of 27.85 million. </span></b></div>

BRAZIL AND ARGENTINA - ALLEGATIONS OF BRIBERY.

BRAZIL INVESTIGATING SALE OF 20 EMBRAER E-190 TO AEROLÍNEAS ARGENTINAS, FEARING SURCHARGES Background Information : See CRIME AND CORRUPTIO...

BRAZIL AND ARGENTINA - ALLEGATIONS OF BRIBERY.

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