Azul Linhas Aereas Brasileiras SA, Brazil’s third-largest airline by passengers, is studying another reduction to its fleet as air-travel demand shrinks to the lowest in four years.
The carrier may eliminate eight planes in addition to the 20 it’s cut since November, Chief Executive Officer Antonoaldo Neves said in an interview.
Also two of the upcoming A350s will be transferred to HNA Group.
In addition, China’s HNA Group Co., Azul’s biggest shareholder, has agreed to take delivery of two Airbus Group SE A350 jetliners the Brazilian company had expected to receive in 2018.
“The sector is sick,” Neves said at Azul headquarters in Barueri, Brazil.
[Edited 2016-06-07 06:28:23]