LVZXV: Brazil's economy is doing far better than Argentina. Check reply by Pdpsol (well done!).
Indeed, TAM and GOL are already on the blue, buying new aircrafts and adding routes to their network. GOL started flying to four new destinations in South and Southeast Brazil, effective 15 October: JOI
, UDI, CXJ
- this on top of their two new routes to North Brazil, effective Septeber: PVH, RBR. It will start its first international route, to EZE
from December. GOL is now the largest operator of 737 next generation in Latin America. (Also for you info, ILC has a stake of 20% in GOL, which had sucessfully launched its IPO in June this year!).
TAM will start flying from GIG
in November and from GRU
Also agree that passengers flying VP
will migrate to GOL. This has been confirmed by a report released yesterday by the Brazilian Civil Aviation Authority (DAC): In September VP
market share fell from 9.9 to 8.6% of te Brazilian domestic market. GOL increased its share from 20.3 to 22%. TAM remains the leader with 35.6%, RG
is second with 31.6% of the domestic market. Overall the domestic market in Brazil in September had a growth of 11.5%, and of 7% in the international market.
LVZXV: for your info, all VP
737-200s were grounded by DAC and are not allowed to operate anymore. No doubt: if you can choose, try flying TAM or GOL - avoid VP
had its license renewed by DAC for another 6 moths, I'm not sure whether it can survive more than that without state aid - but the Brazilian government seems ready to rescue RG
. Many options are under study, but no result as yet. The merger with TAM has been abandoned. Another solution under consideration is to allow foreign investors to take a bigger stake in RG
, backed by a loan from the Brazilian Development Bank. TP
and LAN demonstrated interest (note that TP
will start codesharing from November, and both airlines have synergies. Indeed, TP
CEO Mr. Fernando Pinto, was the former CEO of RG
some years ago!).
[Edited 2004-10-09 17:35:45]