Day: January 17, 2020

Azul acquires 75 Embraer aircrafts and Two Flex

President of Azul Linhas Aéreas, John Rodgerson, announced the purchase of 75 Embraer aircraft during a meeting with Brazil President, Jair Bolsonaro. With the expansion of the air fleet and the purchase of regional carrier Two Flex for R$123 million, which will add 36 new national destinations, Azul plans to reach 200 national destinations in the next three or four years.

Brazilian stock offerings may more than double in 2020

After more than tripling last year, share offerings activity is expected to accelerate, with some bankers predicting that offerings may reach up to 200 billion reais ($48 billion). Brazilian stock sales were equivalent to 85% of all equity activity in Latin America in 2019, while Brazil’s gross domestic product is only about a third of the wider region’s.