Gol buys MAP Transportes Aéreos for $5.3 mm

Gol Linhas Aéreas has announced the acquisition of MAP Transportes Aéreos, a domestic airline with regional routes and from Congonhas Airport in São Paulo, for R$28 million ($5.3 mm) in cash and shares. MAP is Brazil’s fifth largest airline, with a fleet of seven 70-seat ATR aircraft operating on routes in the Amazon region from Manaus Airport and in the South and Southeast regions from Congonhas, the country’s largest domestic airport.

Source: UOL Economia