Brazil: Joint venture creates new travel conglomerate

By CPI | October 24, 2013

A joint venture between US-based BCD Travel and Brazil-based Avipam has established a new company, to be based in Brazil, say reports.

The company will also be called BCD Travel.

Reports say the original BCD Travel owns a controlling stake in the new company, though declined to disclose financial details of the agreement.

A spokesperson for the company did note, however, that the original BCD Travel held a “small stake” in Avipam already.

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