News and Facts about Cuba

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Investing in Cuba remains ‘very risky,’ panelists say

Investing in Cuba remains ‘very risky,’ panelists say

Exploring business potential on the Communist island has surged since
December
The infrastructure is dated but so is the mindset
For now investors must get used to the state as the majority partner
BY ANA VECIANA-SUAREZ

Panelists at a CEO roundtable about the future of Cuba painted a mixed
and ever-evolving… Continue reading

The quiet man who controls Cuba’s big money

The quiet man who controls Cuba’s big money
BY MICHAEL SMITH, OCTOBER 05 2015, 05:59

HAVANA’s redevelopment is in progress. Near El Floridita, where Ernest
Hemingway once knocked back daiquiris, the hulking Manzana de Gómez
building is being transformed into a five-star hotel.

Stylish boutiques sell perfume and stereos. Inside an old warehouse is a
microbrewery teeming with people drinking… Continue reading

Want to Invest in Cuba? Meet Your Partner, Castro’s Son-in-Law

Want to Invest in Cuba? Meet Your Partner, Castro’s Son-In-Law
Michael SmithSep 30, 2015 12:01 am ET

(Bloomberg) — Omar Everleny Pérez 
is eager to show me how far Raúl
Castro’s overhaul of Cuba’s socialist economy has advanced, and so, on a
muggy evening in August, the 54-year-old economist invites me into his
home in Havana’s Marianao neighborhood. Above… Continue reading

Scheduled U.S.-Cuba Flights Unlikely to Start This Year

Scheduled U.S.-Cuba Flights Unlikely to Start This Year
A meeting in Havana this week failed to resolve technical and regulatory
issues
By DOUG CAMERON
Updated Oct. 1, 2015 3:28 p.m. ET

The U.S. and Cuba are continuing work on re-establishing direct
scheduled commercial flights, a State Department official said Thursday,
though it isn’t likely technical and regulatory challenges can be… Continue reading

U.S.-Cuban aviation deal possible this year, official says

U.S.-Cuban aviation deal possible this year, official says
By Daniel Trotta

HAVANA (Reuters) – Cuba and the United States advanced toward restoring
scheduled airline service during two days of talks that concluded in
Havana on Tuesday, with the potential to reach a deal this year, a U.S.
official said.

“One more meeting might be enough to finalize an arrangement. I… Continue reading

Want to Do Business in Cuba? All Roads Lead to Raúl Castro’s SonLaw

Want to Do Business in Cuba? All Roads Lead to Raúl Castro’s Son-in-Law
Things are changing rapidly in Cuba, and people from around the world
are eager to get in on the action. Wait until they meet their new partner.
September 30, 2015 Michael Smith

Propaganda outside Mariel, a new base for private investment. The sign
reads, “By order of… Continue reading

JetBlue expands U.S.-Cuba service ahead of expected travel opening

JetBlue expands U.S.-Cuba service ahead of expected travel opening

HAVANA (Reuters) – U.S. airline JetBlue will add a second charter flight
from New York’s John F. Kennedy airport to Havana, expanding charter
service ahead of an expected opening of commercial air travel between
the two countries, the company said on Monday.

The new round-trip, non-stop flight will operate every Tuesday… Continue reading

Starbucks? OK. Lattes? No! Cuba business rules still complex after U.S. changes

Starbucks? OK. Lattes? No! Cuba business rules still complex after U.S.
changes
By Nathan Layne and Lisa Baertlein

(Reuters) – Starbucks Corp can move to Cuba, but it still cannot sell
lattes there.

The Obama administration on Friday tore down barriers to U.S. companies
doing business on the Communist-ruled island just south of Miami, but
plenty of regulatory and legal… Continue reading

US, Cuba to resume mail service, agreement on commercial flights

US, Cuba to resume mail service, agreement on commercial flights
The US and Cuba should be able to transform their new diplomatic
relationship into a deeper commercial partnership before the end of the
year, with direct postal service to begin.
By Bradley Klapper, Associated Press SEPTEMBER 17, 2015

WASHINGTON — The United States and Cuba should be able to transform… Continue reading

Cuba – A Vapor Opportunity For US Airlines

Cuba: A Vapor Opportunity For US Airlines
Michael Boyd CONTRIBUTOR
Opinions expressed by Forbes Contributors are their own.

Michael Boyd is President of Boyd Group International, a leading
aviation consulting firm with headquarters in Evergreen, Colorado.
Cuba Is A Long Way From Being A Viable Destination… Even Mississippi Has
A Lot More To Offer

There’s nothing like a one-sided grand… Continue reading

Browsing the Web from Cuba’s Public Hotspots

Browsing the Web from Cuba’s Public Hotspots
Translation posted 7 September 2015 17:27 GMT

It’s 10 pm and Agramonte Park, in the central Cuban city of Camagüey,
looks like it is going to explode. It is crowded with people focused
intently on white screens that illuminate the darkness in the absence of
streetlights. At night, the benches barely provide enough… Continue reading

Miami archbishop says pope’s visit will help bring Cubans together

Miami archbishop says pope’s visit will help bring Cubans together
BY MIMI WHITEFIELD

Miami Archbishop Thomas Wenski, who will be leading his third pilgrimage
to Cuba for a papal visit this month, says it’s no accident that Pope
Francis chose to go to Cuba before a three-city visit to the United States.

With the reestablishment of diplomatic relations between… Continue reading

Charter flights to Cuba now leaving New Castle Airport

Charter flights to Cuba now leaving New Castle Airport
DELAWARE INC.
Scott Goss, The News Journal 8:26 p.m. EDT August 31, 2015

Delawareans can’t catch a direct commercial flight in their home state,
but they now can lease a jet bound directly for Cuba.

JFI Jets, a charter air carrier based in California, announced it has
received federal clearance to… Continue reading

Cubana de Aviación figura entre las peores compañías aéreas del mundo

Cubana de Aviación figura entre las peores compañías aéreas del mundo
DDC | Madrid | 27 Ago 2015 – 12:20 am.

La peor de todas es la norcoreana Koryo Air, según un ranking global.

Cubana de Aviación figura como una de las peores compañías de aviación
del mundo al lado de Koryo Air de Corea del Norte, que es la… Continue reading

Here’s what could happen to Cuban cigar prices

Here’s what could happen to Cuban cigar prices
by Erik Sherman AUGUST 23, 2015, 3:00 PM EDT

If the US lifts its trade embargo with Cuba, how will the easy
availability of Cuban cigars affect pricing? Here’s what could possibly
happen.

Forbidden pleasures are always the most pleasurable — and expensive.
Last year, a cigar auction in London saw a… Continue reading

Pope Francis’ trip to Cuba will focus on families, the young and strengthening the church

Pope Francis’ trip to Cuba will focus on families, the young and
strengthening the church
BY MIMI WHITEFIELD

HAVANA
In the shadow of a giant image of Argentine Che Guevara, workmen are in
the final stages of building the altar where Argentina-born Pope Francis
will celebrate mass in the Plaza de la Revolución during his four-day
visit to Cuba… Continue reading

Cuba’s Hot Now, But It Likely Won’t Be A Hot Travel Destination For Many Years

Cuba’s Hot Now, But It Likely Won’t Be A Hot Travel Destination For Many
Years
Dan Reed – AUG 18, 2015 @ 1:05 PM
CONTRIBUTOR
I write about airlines, the travel biz, and related industries

Opinions expressed by Forbes Contributors are their own.
The American Flag is flying once again over Havana, and that means that
as many as 1.8… Continue reading

There Are More Cruises to Cuba in the Works

There Are More Cruises to Cuba in the Works
Written by Cynthia Drescher August 18, 2015

With the flags now raised at U.S. and Cuban embassies, the two countries
continue to restore relations—and ease tourism restrictions. Find out
which cruise lines are racing to line up itineraries for 2016.
Norwegian Cruise Line, Oceania, and Regent Seven Seas are the latest… Continue reading

Airlines plan to expand Cuba flights as restrictions ease

Airlines plan to expand Cuba flights as restrictions ease
BY CURTIS TATE AND HANNAH SAMPSON

WASHINGTON
As the Obama administration eases travel restrictions between the U.S.
and Cuba, domestic airlines are gearing up to offer more direct flights
to the island.

Regular commercial air travel to Cuba has been heavily restricted since
1963. But last month, the U.S. restored… Continue reading

Obama Administration Pushes for Deal to Start Flights to Cuba by Year’s End

Obama Administration Pushes for Deal to Start Flights to Cuba by Year’s End
White House aims to loosen travel restrictions for individual U.S.
travelers despite congressional ban
By FELICIA SCHWARTZ, JACK NICAS and CAROL E. LEE
Aug. 17, 2015 9:13 p.m. ET

WASHINGTON—The Obama administration is working to reach a deal with Cuba
by year’s end that would allow travelers… Continue reading

American Airlines to begin offering charter flights from L.A. to Havana

American Airlines to begin offering charter flights from L.A. to Havana
BY JENNY LUNA

American Airlines announced Tuesday that it will offer charter flights
from Los Angeles to Havana starting in December. It will be the first
flight from the West Coast to Cuba since Cuba and the United States
restored diplomatic relations last month.

The new charter service… Continue reading

After ceremonial flag raising, real talk of diplomacy begins in Cuba

After ceremonial flag raising, real talk of diplomacy begins in Cuba
BY BRADLEY KLAPPER AND MICHAEL WEISSENSTEIN, ASSOCIATED PRESS August
15, 2015 at 12:56 PM EDT

HAVANA — A jubilant flag-raising at the reopened U.S. Embassy in Havana
is giving way to serious talk about the road ahead in improving
relations between the United States and Cuba.

Capping off a… Continue reading

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