15-Jan-2020 8:56 AM

Azul to acquire TwoFlex for USD29.5m

Azul and TwoFlex signed (14-Jan-2020) a binding offer agreement for Azul to acquire TwoFlex for BRL123 million (USD29.5 million). TwoFlex offers regular passenger and cargo services to 39 destinations in Brazil, of which only three regional destinations are served by Azul. The airline also holds 14 daily departure and arrival slots on Sao Paulo Congonhas Airport's auxiliary runway. TwoFlex's fleet is composed of 17 owned nine seat Cessna Caravans. [more - original PR]

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