Cheap International Flights Coming to Brazil From Norwegian Air
Norwegian Air Shuttle ASA plans to fly to Brazil from Argentina and London to boost its month-old operations in South America, Chief Executive Officer Bjorn Kjos said in an interview in Buenos Aires. The Scandinavian company has already received authorization from the Argentine government to operate flights to 13 Brazilian cities. Norwegian is evaluating flying […]
Brazil"™s GOL reports 2017 net profit down 66% on deferred taxes
GOL reported a BRL378.2 million ($114 million) net profit for 2017, a 65.7% drop from BRL1.1 billion in 2016 net income, as the company paid BRL547 million in deferred income taxes during the year. GOL"™s full-year revenue totaled BRL10.6 billion, up 7.2% year-over-year (YOY) driven by a 3.6% increase in passenger traffic and 4.8% higher […]
Brazil’s Infraero refuses to inject capital into Confins airport operator
Brazilian airport authority Infraero has refused to inject new capital into the operator of Tancredo Neves international airport, serving Belo Horizonte in Minas Gerais state, due to a dispute with its private partners. The board of Infraero considers that contributing new funds to Confins, as the airport is better known, produces a low level of […]
Itatpipoca in Ceará, Brazil Plan for New Airport Development
Since its introduction in 2012 the PAC (Programa de Aceleração do Crescimento) which is the Brazilian governments Growth Acceleration Program aimed at improving the country"™s infrastructure as Brazil"™s overall economic growth further benefits the country, including earning a coveted high investment rating from Standard & Poors (S&P). The Brazilian civil aviation predicts an influx of […]
Dubai to Santiago de Chile on Emirates
Emirates, the world"™s best airline according to TripAdvisor 2017, today announced its plan to launch a new, five times a week, service from Dubai to Santiago International Airport (SCL), via the Brazilian city of Sao Paulo, starting on July 5, 2018. The new service will see Emirates fly an additional five times a week to […]
Brazil seen clearing ‘Open Skies,’ lifting airline ownership cap -minister
Brazil"™s Congress will finalize as soon as February legislation opening the way for deregulation of flights to and from the United States, Minister of Tourism Marx Beltrao said on Wednesday. Beltrao said he also expects legislators to approve a plan to allow foreign carriers a bigger chunk of Brazilian airlines. Both measures are part of […]
Azul is the most on-time airline in Brazil and the most on-time LCC in the Americas
Azul Brazilian Airlines is the most on-time airline in Brazil and the most on-time low cost carrier (LCC) in the Americas. As reported in the official OAG worldwide airline punctuality rankings, 84.14% of Azul flights arrived within 14 minutes and 59 seconds of their scheduled arrival time. This on-time metric also makes Azul the fifth […]
GOL to convert common shares into preferred shares
GOL Linhas Aéreas Inteligentes S.A., (NYSE: GOL and B3: GOLL4), Brazil´s #1 airline, in compliance with article 12, paragraph 6, of the ruling No. 358, issued by Comissão de Valores Mobiliários (Brazilian Securities and Exchange Comission Rule) dated as of January 3, 2002, as amended, informs its shareholders and the market in general that it […]
Boeing-Embraer Talks Have Not Settled Question Of Control: Sources
Tie-up talks between Boeing Co and Embraer SA have not settled key questions such as control of the Brazilian planemaker or the possibility of a more narrow joint venture, two people familiar with the negotiations told Reuters, pushing back against a newspaper report on Tuesday. Brazilian newspaper Valor Economico had reported that the talks have […]
Fraport to invest $368m as new Brazil contracts begin
Fraport AG subsidiary Fraport Brasil formally commenced operations at Brazil"™s Fortaleza Pinto Martins International Airport (FOR) and Porte Alegre Salgado Filho International Airport (POA) yesterday. As reported, Fraport secured 30-year and 25-year contracts to manage and operate concessions at Fortaleza and Porto Alegre in Brazil, respectively, in March last year as part of public tender […]
