Well, neither Sao Paulo, Rio de Janiero, nor Caracas are in Central America (they are all in South America). Nevertheless, it is welcome news for Latin American pilots.
A problem, or maybe a caution, goes out to First Officers. Compared to some of the Middle Eastern airlines that are recruiting, most of the Indian jobs seem to lead towards a dead-end, career wise. Yes, the money is good and attractive, however, these are limited term contracts, which can be OK if you are a Captain, however, few of the Indian airlines upgrade First Officers to the left seat, and I believe this is also the case with Kingfisher.
So what do you do after the 5 years, when the Indians have enough Indian personnel and there is no upward movement? So if you are looking for a "career" instead of just a "job", maybe better to look at some of the Middle Eastern airlines first, where at least there is an upgrade process.