US Markets

Brazil airline Azul to acquire regional carrier Two Flex -source

Brazil's third-largest airline, Azul SA, has reached an agreement to buy regional carrier Two Flex, a source with knowledge of the matter told Reuters on Tuesday.

By Aluisio Alves

SAO PAULO, Jan 14 (Reuters) - Brazil's third-largest airline, Azul SA AZUL.N, has reached an agreement to buy regional carrier Two Flex, a source with knowledge of the matter told Reuters on Tuesday.

Two Flex holds departure and landing rights, known as slots, at Sao Paulo's Congonhas airport. The acquisition could allow Azul to expand its footprint at that busy domestic airport, pending approval from the Brazil's aviation regulator.

Two Flex declined to comment. Azul did not respond to a request for comment.

(Reporting by Aluisio Alves Editing by Chris Reese)

((marcelo.rochabrun@thomsonreuters.com; +55 11 5644 7768;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More