B
Y
M
ATTHEW
D
ALTON
Italy’s Agnelli Family Buys
24% of Christian Louboutin
Christian Louboutin wedge high heels in Paris. The luxury shoe brand is known for its red soles.
NA
THAN
LAINE/BL
OOMBERG
NEWS
Announcement of Bidding
The Military Police of the State of São Paulo,
Brazil, announces to the companies concerned in
this
area
of
activity,
the
opening
of
INTERNATIONAL TRADING SESSIONS WITH
PRESENTIAL ATTENDANCE, the type lowest
price, to REGISTER PRICE for the Mobile
Transceivers, Single Band VHF, P25 (APCO
Project 25) standard - Phase 1 and Phase 2,
according to the TECHNICAL SPECIFICATIONS
described in the public notice. The attendance
meeting of the public bidding will take place at
09h10 AM (LOCAL TIME) on March 22, 2021, at
Cruzeiro do Sul Avenue, 260, (DTIC) Canindé,
São Paulo / SP - Brazil.The official announcement
and our attachments are available to interested
parties,
without
charge
on
the
websites:
or by request
by
e-mail:
;
Phone Number: (+55)11-3327-4307 / 3327-4301.
VLADIMIR GOULART DE CARVALHO
Captain Chief of Tenders and
Contracts Section
stand to benefit from every
swipe of a co-branded card,
whether customers are buying
plane tickets or clothing. Air-
lines have said this revenue
has held up better than ticket
sales as travel demand dried
up last year.
American said it would use
the financing it expects to
raise to pay back funds it
borrowed from the Treasury
Department. The new financ-
ing won’t add to the airline’s
debt but will replace a $7.5
billion secured loan it had
taken out from the govern-
ment under the Cares Act.
American had drawn $550
million under that loan, the
company said in January.
Airlines have been among
the businesses hit hardest by
the spread of the coronavirus,
as companies slashed work-re-
lated travel and people post-
poned vacations and other lei-
sure trips. U.S. carriers had
their worst year ever in 2020,
forcing them to build up cash
while waiting for a recovery in
demand.
Derek Kerr, American’s fi-
nance chief, said in January
the carrier had recently ex-
tended the final draw date for
the Cares Act loan from late
March to late May. “This ex-
tension gives us more time to
decide our liquidity needs for
the year based on the pace of
the recovery as well as to
evaluate alternatives to draw-
ing” from that facility, he said
then.
Last June, United said it
would borrow $6.8 billion us-
ing its frequent-flier program.
Delta in September announced
that it would raise $9 billion
secured by SkyMiles, its loy-
alty initiative.
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