Tag: Azul Airlines

• Wednesday, February 3rd 2016 - 06:15 UTC

  Brazil airline shares soar as regulator admits opening to foreign capital

  

  Brazilian airline shares soared nearly 30% on Monday after a newspaper report said the government may scrap limits on foreign ownership of domestic airlines to attract investment to the struggling sector. President Dilma Rousseff may propose legislation giving her discretion to let foreign groups own as much as 100% of local airlines, up from 20%, Valor Econômico reported.

• Wednesday, January 15th 2014 - 19:33 UTC

  Second Brazilian airline promises to cap fares for the coming World Cup

  

  Avianca Brasil has joined Azul in becoming the second Brazilian airline to promise to cap prices for the upcoming football World Cup, which opens June 12 in Sao Paulo. Avianca said it would match Azul and limit one-way fares to a maximum of 999 Reais (425 dollars).

• Tuesday, November 5th 2013 - 13:50 UTC

  Brazil consumer watchdog orders airlines to reduce 'abusive' domestic fare for 2014 World Cup

  

  Brazil's consumer watchdog Procon Rio do Janeiro branch has ordered five airlines to reduce “abusive” domestic fares during next year's FIFA World Cup. Avianca, TAM, Gol, Azul and Oceanair have been accused of inflating prices up to 10-fold during the June 12-July 13 tournament.

• Tuesday, November 27th 2012 - 04:41 UTC

  Brazil’s low cost airline Gol cuts 850 jobs and returns 20 Boeing 737-300

  

  Brazil’s low-cost airline Gol announced that it is eliminating the WebJet brand, the rival airline that it took over earlier this year, cutting 850 jobs and reducing domestic capacity in the process.