Thursday, September 1, 2016

First commercial flights to Cuba in 50 years commence

CBCNews:

The first commercial flight between the United States and Cuba in more than a half century landed in the central city of Santa Clara on Wednesday morning, re-establishing regular air service severed at the height of the Cold War.

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The arrival opens a new era of U.S.-Cuba travel, with about 300 flights a week connecting the U.S. with an island cut off from most Americans by the 55-year-old trade embargo on Cuba and formal ban on U.S. citizens engaging in tourism on the island.

Billions are going to be made in Cuba over the next 10-20 years. I am speculating on this trend via Cuba Ventures (CUV.V)

2 comments:

Chris McKinnon said...

It has a long history and relationship with Cuba, but needs to be considered more or less a lottery ticket. After a 46% pop on the reestablishment of US/Cuba relations, the stock has been cut in half, now down 21% YTD. Insiders own 34% but it has no revenue and almost no cash. The company has put out a lot of press releases and says its outlook is 'extremely compelling' but would like to see some financial results before even considering it...

boubin2 said...

I agree 100% it is a lottery ticket. More than likely will end up diluting itself into irrelevance. But you never know i.e the Diamond Fields story.

http://www.visualcapitalist.com/the-story-of-voiseys-bay-the-discovery-1-of-3/

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