In a surprising move, the CEO of Azul Brazilian Airlines, John Rodgerson, announced that Azul is interested in buying most of the assets from Avianca Brazil, which is going through bankruptcy protection. The statement came as a surprise because Rodgerson had made previous comments showing no interest in buying Avianca. The proposal came because of a legal possibility for Avianca to create another company with the assets and leave the debt out of the deal. This new company may include…
Brazilian carrier Azul has announced plans to renew its fleet with new orders of Embraer 195-E2 and Airbus A320neo aircraft in 2019. Azul’s fleet plan for 2019 sees the carrier acquiring 21 new aircraft this year, 12 of which are from the A320neo family, six of which are E195-E2s and…
After a series of events, Avianca Brazil, a subsidiary of Colombia's Avianca and known in Brazil as former OceanAir, filed for the Brazilian equivalent of Chapter 11 bankruptcy on Dec. 10, 2018. The crises in the airline intensified after two aircraft leasing companies, BOC Aviation Limited and Constitution Aircraft Leasing,…
Azul Brazilian Airlines and Copa Airlines announced a codeshare agreement that will connect two large networks in Latin America. Now Copa customers can use Azul’s network in Brazil with 101 domestic destinations, 52 not served by any other airline and Azul clients can use Copa’s presence in many Latin America…
In an attempt to compete in the bustling Latin and South American markets, United will pay $100 million to acquire a 5% stake in Azul, the third largest airline in Brazil. The cash payment will be a capital injection, rather than a stock deal, as Azul has yet to become…
Azul Airlines, an airline which operates out of Brazil, may be less known internationally, but it is widely spreading to be a more prominent name within the airline industry. From its start in December 2008, according to the airline itself, it has become the fastest growing Brazilian airline. Azul serves…
