Azul Linhas Aereas Brasileiras SA, the Brazilian air carrier created by JetBlue Airways Corp. founder David Neeleman, filed with the country’s securities regulator to sell shares in an initial public offering.
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 Linhas Aereas Brasileiras, Brazil’s third-biggest domestic carrier, said it plans to expand its fleet next year and bid for a stake in an airport, while bigger rivals Tam SA and Gol Linhas Aereas Inteligentes SA scale back their plans to increase capacity.
Bloomberg Risk Takers: A new series that provides a captivating look into a new generation of entrepreneurs who have taken a gamble, faced down failure, and revolutionized the way the world does business. How did they do it? Find out on Bloomberg Risk Takers. Featuring Jet Blue founder David Neeleman, investor Michael Burry, sports agent Scott Boras, public policy maker Michelle Rhee, and entrepreneur and Tesla Motors Inc. Chief Executive Officer Elon Musk. Tuesdays at 9P ET/PT. (Source: Bloomberg)
On a sunny, wind-swept December morning, Virgin America kicked off a day of festivities along the otherwise unfestive runways of Dallas Fort Worth Airport. Four longhorn cattle lolled in a pen while dignitaries such as Dallas Mayor Tom Leppert lunched on pulled pork and ribs, and lasso artists twirled rope. The main attraction was the host, 60-year-old Sir Richard Branson, billionaire bon vivant and founder of the Virgin Group. While he was at the center of the celebration, he was also making an incursion into enemy territory.
United Continental Holdings Inc., Delta Air Lines Inc. and American Airlines are speeding up decisions on canceling flights and easing travel rules ahead of snowstorms as they heed the lessons of winter snarls.