Azul Linhas Aereas Brasileiras SA is getting the equivalent of four years’ worth of growth by acquiring Trip Linhas Aereas, said David Neeleman, Azul’s founder who will be the combined company’s biggest shareholder.
Azul, the Brazilian airline created by JetBlue Airways founder David Neeleman, is in talks with Airbus Group NV, Boeing Co. and lessors about wide-body jets to start flying abroad, people familiar with the matter said.
Brazilian low-fare airline Gol Linhas Aereas Inteligentes SA began flying to Miami so sales in U.S. dollars would help defray fuel costs priced in greenbacks. What it didn’t expect was a challenge from short-haul carrier Azul.
Azul Linhas Aereas Brasileiras SA founder and Chief Executive Officer David Neeleman, who canceled the carrier’s initial public offering last month, said he’s confident in the Brazilian economy and intends to do an IPO.