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Airline Weekly
Brazil's former market leader, Gol, is ready to mount a comeback this winter and take back its title from Latam and Azul.
2 years ago
Latin American airlines, no strangers to economic uncertainty, are far from calling the travel recovery countercyclical.
It's not "pent-up demand" anymore for Brazil's Azul; instead, the airline thinks the strong demand is a new normal. It doesn't hurt that Brazil's commodity-heavy economy is booming and that the country never really shut down during the pandemic.
Brazilian airline Azul dropped its plans to acquire bankrupt Latam after Latam filed its reorganization plan with the U.S. court overseeing its restructuring. Had Azul persisted, it would have created the largest airline group in South America.
3 years ago
After Brazil emerged from the latest Covid-19 surge, Brazilians began traveling again, encouraged by the country's high rate of vaccination. More Brazilians are opting to stay local for their vacations, to the benefit of Azul.
In a deal that could prove a major upset in Latin American aviation, Azul has put together what amounts to a hostile takeover of South America's largest airline, Latam Airlines Group. The Brazilian carrier plans to submit its proposal to the U.S. bankruptcy court overseeing Latam's restructuring shortly.
