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Azul Statement on the LATAM Codeshare and Potential Industry Consolidation
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SAO PAULO, May 24, 2021 /PRNewswire/ Azul, the largest airline in Brazil in terms of destinations and departures updates the market on its codeshare with LATAM and possible industry consolidation. Azul believes that consolidation is an important part of the post-pandemic industry response and the Company is in a strong position to drive that consolidation. The Company has hired advisors and is actively exploring industry consolidation opportunities in the region.
“The codeshare with LATAM was a unique solution in our pandemic response. We also realized that industry consolidation would be important for the post-pandemic recovery and Azul would be a key part of any such activity. At the end of the first quarter of 2021 we hired financial advisors and are actively exploring consolidation opportunities. We believe the cancelation of the cod