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Brazil: Market to see new competitor with latest airline

By  |  March 8, 2013

CADE, Brazil’s antitrust authority, has reportedly approved of a merger between airlines Azul and TRIP Linhas Aereas, which will create a joint venture resulting in the nation’s third-largest carrier. TAM Airlines and GOL hold the top-two spots within Brazil. The National Civil Aviation Agency has reported that the new combined entity will take up 16.4 percent of the domestic market. According to reports, the authorities have required TRIP and TAM airlines to cease it’s codeshare agreement to avoid competition concerns.

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