TRIP Linhas Aereas

TRIP Linhas Aereas to expand operations, invest $198 million

Image via blogdorogerio.com.br

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.

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