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UBS: Mexicana “unlikely to resume operations” after grounding

Compania Mexicana de Aviacion is unlikely to resume operations after grounding all its flights over the weekend, four weeks after filing for bankruptcy protection in Mexico and the U.S., UBS AG said.

UBS: Brazilian airline GOL concluded financial turnaround plan

SAO PAULO - UBS initiated its coverage of shares of Brazilian airline GOL Linhas Aereas Inteligentes with a buy recommendation, it said Tuesday in a research report for its clients.