Brazil: Foreign airline companies expand in Brazil.

South American Business Information, September, 2004

Brazil, Sep 13, 2004 (O Estado de Sao Paulo/SABI via COMTEX)

If compared to Brazilian airline companies, foreign airlines transported further 1.1mil passengers in 2003 concerning flights from Brazil to international routes. Those companies already account for 57% of this market while the domestic groups accounted for the remaining 43%. In 1998, Brazilian companies - Vasp, Varig, TAM and Transbrasil - owned a 53% market share. The main group Varig decreased from 39% in 2001 to 35% in 2003. TAM, which entered the international flight market in 1998, currently offers flights to Miami and Paris in partnership with American Airlines and Air France. Meanwhile British Airways reported a 43% share in the Brazil-England flight market last year while Varig owned the...

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