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International airline established in Brazil for first time

Wednesday, May 22, 2019

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For the first time in history, an international airline has been established in Brazil. The airline has requested for a registration as a Brazilian company with administrative headquarters in Brazil.

 

According to the Minister of Tourism, Marcelo Álvaro Antônio, the achievement “consecrates the opening of the Brazilian market to foreign investment, which should generate a strong increase in the competitiveness of air transport in Brazil and reposition the country in the world tourism scenario. It is, in fact, a new moment for Brazilian tourism.”

 

He stressed that the deconcentration of the market will contribute significantly to achieve the goal established by the National Tourism Plan 2018-2022, which provides for the increase of annual international visitor arrivals in the country from 6.6 million to 12 million tourists, in addition to incorporation of 40 million Brazilians in the domestic market. Another global target that should be impacted is the projected increase of $ 6.5 billion to $ 19 billion in international tourism revenue over the next four years.

 

The adoption of a new form of equity participation follows a trend of openness already verified in other countries and equates the aviation market with the model already adopted in practically all sectors of the national economy. In Brazil, strategic sectors such as airports, ports and railways, electricity, mining, oil and gas, health and telecommunications allow foreign investments without any restrictions.

 

The model also allows for a deconcentration of the Brazilian aviation market. While Argentina and Colombia have, respectively, nine and eight airlines operating domestic routes, in Brazil only four companies – one currently under judicial reorganization – concentrate more than 99% of Marketplace.

 

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