Brazil airline Azul to acquire regional carrier Two Flex
Brazil’s third-largest airline Azul said Tuesday it will buy regional carrier Two Flex for 123m reais ($30m), as it aims to expand its presence at Sao Paulo’s hotly disputed domestic airport. Two Flex holds departure and landing rights, known as slots, at the Congonhas airport in South America’s biggest city, where bigger rivals LATAM Airlines Group and Gol Linhas Aereas have long had an overwhelming presence. The acquisition may help Azul to grow its footprint there, pending approval from Brazil’s aviation regulator ANAC.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-01-15/unaligned/brazil-airline-azul-to-acquire-regional-carrier-two-flex
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Brazil airline Azul to acquire regional carrier Two Flex
Brazil’s third-largest airline Azul said Tuesday it will buy regional carrier Two Flex for 123m reais ($30m), as it aims to expand its presence at Sao Paulo’s hotly disputed domestic airport. Two Flex holds departure and landing rights, known as slots, at the Congonhas airport in South America’s biggest city, where bigger rivals LATAM Airlines Group and Gol Linhas Aereas have long had an overwhelming presence. The acquisition may help Azul to grow its footprint there, pending approval from Brazil’s aviation regulator ANAC.<br/>
