"This has been a very nice success story of a family-based company that has grown into a large corporate," says Santiago Giraldo, the new CFO of Tecnoglass.
While the rest of Latin America is going one way, Colombia is still lagging behind. Only Ecuador, with a 6.1% drop in the first quarter, performed worse.
The deal represents an update to Copa's existing order of Boeing 737 MAX 8 aircraft and will make Copa “the first airline in Latin America" to operate the 737 Max 10.
The 2016 total was more than half a billion dollars above the $5.2 billion USD reported in 2015 and puts the industry second in terms of foreign revenue generation after the oil sector.
Oxitec's genetically modified mosquitos produce offspring that will "inherit a self-limiting gene that causes them to die before reaching functional adulthood."