Azul has defined 11 new domestic air routes to develop, “secured” planes for them as govt analyzes authorizing new air traffic program, Folha reports, citing interview with CEO David Neeleman. *If govt plan not approved in “next few months,” Azul will have to return planes: Neeleman tells newspaper *Avianca ready to order 30 new turbocharger planes, waiting for govt program approval to place orders: CEO Jose Efromovich tells Folha *NOTE: Govt considering boost traffic to remote, low-frequency areas, that could include govt subsidies. *NOTE:Brazil Seeks to Stimulate Creation of Regional Airlines: Franco FIFW NSN N081U86TTDS2 <GO>
Azul Linhas Aereas Brasileiras SA, the Brazilian airline created by JetBlue Airways Corp. founder David Neeleman, may announce as soon as next week an initial public offering of as much as $450 million, according to a person familiar with the plans.
Remote Amazon airports, new computer operating systems and too-short runways are among the challenges for airlines including Gol Linhas Aereas Inteligentes SA as they shuttle 3.6 million people around Brazil during the World Cup soccer championship.
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.
Tam SA and Gol Linhas Aereas Inteligentes SA, Brazil’s two biggest airlines, are raising prices to up to 10 times their regular fare during the World Cup to offset an expected surge in costs at cramped airports.
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.
Avianca Brasil became the second Brazilian airline to cap the price of travel ahead of soccer’s World Cup, matching a promise by Azul Linhas Aereas last week that no trip would cost more than 999 reais ($424).
Azul Linhas Aereas Brasileiras SA, the airline created by JetBlue Airways Corp. founder David Neeleman, became the second company in Brazil to cancel an initial public offering this year amid a market slump.
Brazil is the only so-called BRIC emerging economy where companies not owned by the government, such as Credit Suisse Group AG and Grupo BTG Pactual, still earn the most investment-banking fees. That may soon end.