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,…
On Thursday, Air Canada announced that it has commenced exclusive talks with fellow Quebec-based Transat A.T. Inc., owner of Air Transat, for a full takeover of the Canadian leisure carrier. The publically proposed transaction is valued at approximately $387.5 million or $13.00 per share, a 23 percent premium to the…
Brazilian President Jair Bolsonaro finally gave his approval for the purchase of Embraer's Commercial Aviation division by The Boeing Company in a deal valued at $4.2 billion. The announcement was made after the closing of stock markets in both Brazil and the United States on Monday. Although it does not…
The Virgin America and Alaska Airlines acquisition is well underway, and it is beginning to resonate around the combined airline's system. Perhaps one of the most noticeable changes occurred Saturday night at New York's LaGuardia airport where crews could be seen converting Virgin America branding into Alaska signage. [caption id="attachment_15202" align="aligncenter"…
