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A TwoFlex C208B in São José do Rio Preto, Brazil. (Photo: courtesy 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,…

Air Canada Enters Talks To Finalize Air Transat Acquisition

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 Government Approves Boeing-Embraer Joint Venture

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…

How Virgin America Disappeared From LaGuardia Overnight

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"…