PB26
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Joined: Sat Dec 15, 2018 10:09 am

Azul buys Two Flex

Wed Jan 15, 2020 3:47 am

Azul annouced yesterday (Jan 14) the purchase of small regional airline Two Flex per R$ 123 millions (U$$ 29,7 mi).

Two Flex has a fleet of 14 C208B and has a large agreement with Gol to serve regional routes, as a way to G3 gain tax reductions from brazilian states.

The agreement, pending government approval, aims to increase the Azul footprint in the regional market, as well cargo sector (Two Flex has agreement with logistic company JadLog) and mainly to gain more acess to São Paulo Congonhas Airport. Two Flex has 14 daily slots to use the secondary runway, Azul aims to use the runway to operate ATR 72-600.

Two Flex were managed by two former TAM executives,Rui Aquino and Luis Eduardo Falco.

Link, in portuguese: https://www1.folha.uol.com.br/mercado/2 ... nhas.shtml
Rio and all South America by Panair do Brasil’s jets.

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