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A TwoFlex C208B in São José do Rio Preto, Brazil. (Photo: Alex Pelicer)

Azul Signs Agreement to Acquire Major Commuter Airline in Brazil

Azul, Brazil's third-largest airline, announced this Tuesday it reached an agreement with Two Táxi Aéreo, by which it acquires the latter in a transaction worth BRL123 million — equivalent to 29.761 million dollars in current values. The partnership is pending a further sale contract and regulatory approvals. Two Táxi Aéreo, branded as TwoFlex, is one of the largest commuter operators in the country, with operations throughout all regions of Brazil. Although the company started up and grew by transporting cargo,…

Silver Airways’ Makes Official Acquisition of the Caribbean’s Largest Regional…

Fort Lauderdale-based Silver Airways has announced that its purchase of  Puerto Rico-based Seaborne Airlines is now complete. Seaborne, which operates eight 34-seat Saab 340 aircraft and two 15-seat de Havilland Twin Otter seaplanes, will serve as a stand-alone subsidiary until the two airlines merge in 2019. Silver Airways, which currently…