TRANSPORT BRIEFS

TRANSPORT BRIEFS

VASP BRAZILIAN BUYS

STAKE IN ECUADOR LINEQUITO, Ecuador - A consortium that includes Vasp Brazilian Airlines has bought 50.1 percent of state-run Ecuatoriana de Aviacion, which has no working aircraft, but is debt-free and has 30 international routes, officials said.

The consortium paid $32.92 million for the shares.

Of the remaining 49.9 percent of the company, about half will be sold on the local stock exchange in the next six months while the government plans to keep the remaining 25 percent.

Ecuatoriana is debt free and has assets amounting to $15 million, which includes a DC-10 aircraft in need of repairs, offices, spare parts and 30 assigned routes, of which 18 were never used.

A consortium spokesman said the airline, which has not been operating for some time, should be flying by early next year.

JAPAN REPORTS A RISE

IN GLOBAL AIR CARGO

TOKYO - The volume of international air cargo handled by airlines serving Japan totaled 71,217 tons in April, up 18.7 percent from a year earlier, Japan's Transport Ministry said.

The volume of domestic air cargo liftings came to 62,930 tons, up 7.9 percent from the year earlier period.

By major region, the Asian region grew 29.6 percent to 36,685 tons from a year earlier. North America increased 9.5 percent to 21,436 tons, and Europe grew 7.2 percent to 8,623 tons.

NORTH DAKOTA TO GET

$17.5 MILLION FOR ROADS

WASHINGTON - North Dakota will receive $17.5 million in Federal Highway Administration Emergency Relief Funds to repair damage to federal-aid highways caused by Devils Lake basin flooding, Transportation Secretary Federico Pena said.

The recent flooding damaged highways in the North Dakota counties of Benson, Cavalier, Nelson, Pierce, Ramsey, and Towner.