Azul ends its codeshare agreement with LATAM, will pursue merger opportunities

"La Belle Azul" pink livery for breast cancer awareness

Azul issued this statement:

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 codeshare by LATAM is a reaction to that process,” says John Rodgerson, CEO of Azul.  “Azul is emerging from this crisis in a leadership position in terms of liquidity, network recovery and competitive advantages.  Our plans are unchanged and I am confident that we are in the best position to pursue strategic alternatives at this point in time,” says Rodgerson.

Azul will keep the market update of any developments.

Azul Route Map:

Top Copyright Photo: Azul Brasil (Azul Linhas Aereas Brasileiras) Airbus A330-941 F-WWYO (PR-ANV) (msn 1952) TLS (Eurospot). Image: 952080.

Azul aircraft slide show: