SAO PAULO – Small Brazilian airline TRIP Linhas Aereas plans to invest $198 million during 2010 in acquiring eight new aircraft and expanding operations, it said in a press release Tuesday.
The company is one of a number of small operators looking to expand amid the positive growth prospects for the segment.
TRIP currently operates 27 planes and flies to 65 destinations, although it only commands 1.6% of the market.
The local market is dominated by TAM SA and GOL Linhas Aereas Inteligentes, which together command 85% of the market. TRIP and others see expansion possibilities on the fringe of the big two’s operations.
WHAT TO TAKE AWAY FROM THIS ARTICLE:
- The company is one of a number of small operators looking to expand amid the positive growth prospects for the segment.
- The local market is dominated by TAM SA and GOL Linhas Aereas Inteligentes, which together command 85% of the market.
- Small Brazilian airline TRIP Linhas Aereas plans to invest $198 million during 2010 in acquiring eight new aircraft and expanding operations, it said in a press release Tuesday.
