Easter is a popular time for Brazilians to get out of the city, seek some relaxation further afield, or fly home to spend time with family. As such, it’s a busy time for the country’s airports and a profitable period for its airlines. This year, however, one carrier will be unable to take full advantage of the Easter rush. Avianca Brazil has been forced to cancel a total of 314 scheduled flights over the Easter holiday, with the company giving up a large chunk of its fleet due to a process of court-supervised reorganization, and more reductions are in sight.
Avianca Brazil is a subsidiary of the Synergy Group, the controlling shareholder of the original Avianca airline in Colombia and owner of a total of eight carriers across Latin America.
Established in 2002 as OceanAir, Avianca Brazil has been operating under its current name since 2010. Currently, it is the fourth-largest player in Brazil’s air transport market, responsible for 12.2 percent of the domestic market share as of...
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