Brazil’s biggest airlines Gol, Azuk and Latan are currently racing to prepare for the much-anticipated ratification of the U.S.-Brazil Open Skies agreement.
In March, Brazil’s federal government approved the agreement, which was made in 2010. The agreement is expected to pave ways for more flights between the two countries and greater competition among airlines.
Sergio Kakinoff, CEO of Gol, said “Within two years of Open Skies, the airlines in Brazil will have joint ventures with U.S. airlines.”
Kakinoff, who works for the country’s most popular domestic airline added that with the U.S.-Brazil Open Skies agreement on the horizon the company would soon be adding flights from Fortaleza and Brasilia to Orlando and Miami.
According the Brazilian airline association, Abear, among Brazilian airlines, Gol tops the domestic market with 34% market share, with Latam a close second at 33%.
United Airlines Vice President, Andrew Levy, said that: “Following our initial investment [in Azul] in 2015, connecting traffic between our airlines is at an all-time high, significantly benefiting our customers traveling between the US and Brazil,”
He added that Azul’s strong network in Brazil has a unique business model and exceptional customer service make this transaction a good long-term investment.