GOL TO BUY WEBJET

Dino D'Amore
By Dino D'Amore July 12, 2011 15:27

GOL TO BUY WEBJET

Gol Linhas Aereas Inteligentes has agreed to acquire low-cost carrier Webjet Linhas Aereas for 96 million reais ($61 million).

Webjet, based in Rio de Janeiro and controlled by Guilherme Paulus, controls 5.2% of the Brazilian airline market. With this deal GOL will get access to Webjet’s slots at Brazil’s main hubs and eliminates a low-cost competitor that catered to leisure passengers.

Dino D'Amore
By Dino D'Amore July 12, 2011 15:27
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