Company Overview of Azul Linhas Aéreas Brasileiras S.A
Azul Linhas Aéreas Brasileiras S.A. provides passenger and cargo air transportation services in Brazil. The company was incorporated in 2008 and is based in Barueri, Brazil. Azul Linhas Aéreas Brasileiras S.A. is a subsidiary of Azul S.A.
Av. Marcos P. de U. Rodrigues
939 Edif. C. Branco Office Park
Torre Jatobá -9° andar
Barueri, SP 06460-040
Founded in 2008
Key Executives for Azul Linhas Aéreas Brasileiras S.A
Founder, Chairman, Chief Executive Officer, Chairman of Azul SA and Chief Executive Officer of Azul SA
Compensation as of Fiscal Year 2014.
Azul Linhas Aéreas Brasileiras S.A Key Developments
Azul Linhas Aéreas Brasileiras S.A and Embraer SA Signs Firm Order for Up to 50 E-Jets E2
May 21 15
Embraer S.A. and Azul Linhas Aereas Brasileiras S.A. have reached a final agreement for 30 firm orders for the E195-E2 jets. The contract, announced as a Letter of Intent (LOI) during the 2014 edition of the Farnborough International Airshow, in July last year, also includes an additional 20 purchase rights for the same model, bringing the total potential order up to 50 E195-E2 jets. The contract for the E-Jets E2 has an estimated value of USD 3.2 billion, at Embraer's current list prices, if all purchase rights are converted to firm orders. The firm orders will be included in Embraer's 2015 second-quarter backlog. The first delivery is scheduled for the second quarter of 2020. The first delivery of an E-Jets E2 (the E190-E2) is planned for the first semester of 2018. The E195-E2 is scheduled to enter service in 2019 and the E175-E2 in 2020. The E-Jets E2 program reinforces Embraer's commitment to continuously invest in the company's line of commercial jets and to maintain leadership in the 70 to 130-seat aircraft segment. Embraer's E-Jets E2s have Pratt & Whitney PurePowerTM Geared Turbofan high by-pass ratio engines (PW1700G on the E175-E2, PW1900G on the E190-E2 and E195-E2). Combined with new aerodynamically advanced wings, full fly-by-wire flight controls, and improvements to other systems, the E2s will deliver significant reductions in fuel burn, maintenance costs, emissions, and external noise.
Azul Linhas Aéreas Reportedly Delays IPO
Jan 16 15
Azul Linhas Aéreas Brasileiras S.A has delayed its initial public offering (IPO) scheduled for February 2015, people close to the situation said. The people added that the company believed the window of opportunity ran until mid-February, but “adverse market conditions” forced it to reconsider.
TAP Being Eyed By Investors
Sep 14 14
Portugal's Economy Minister said his country is planning to sell off 49% stake of TAP-Transportes Aereos Portugueses, SGPS, S.A. by the end of 2014. Avianca Holdings S.A. (BVC:PFAVH), Air Europa Líneas Aéreas, S.A.U., Azul Linhas Aéreas Brasileiras S.A have expressed interest in the sale. Delta Air Lines, Inc. (NYSE:DAL), Virgin Atlantic Ltd., Deutsche Lufthansa Aktiengesellschaft (DB:LHA) and International Consolidated Airlines Group, S.A. (LSE:IAG) have also been interested in TAP-Transportes Aereos Portugueses, SGPS, S.A. as per local press but none of them put forward proposals.
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