Brazil's Gol Has Six Months To Establish 14 New Routes To U.S. -Anac

Date : 02/29/2012 @ 1:42PM
Source : Dow Jones News
Stock : Latam Airlines Grp. S.A. (LTM)
Quote : 11.86  -0.08 (-0.67%) @ 12:17PM

Brazil's Gol Has Six Months To Establish 14 New Routes To U.S. -Anac

LATAM Airlines Group S.A. (NYSE:LTM)
Historical Stock Chart

5 Years : From Jul 2012 to Jul 2017

Click Here for more LATAM Airlines Group S.A. Charts.

Gol Linhas Aereas Inteligentes (GOL, GOLL4.BR) has roughly six months to formalize new routes to the U.S. after Brazil's civil-aviation agency Anac granted the carrier 14 weekly flights to the North American country, Anac said Wednesday.

Gol, through its subsidiary VRG Linhas Aereas, was granted 14 weekly flights to the U.S. and seven weekly flights to Venezuela earlier this month. The announcement was published Feb. 17 in the government gazette, and now Gol, which took over VRG in 2007, has 180 days from the publication of the announcement to tell Anac the origin, destination and time of the new flights, Anac said.

Gol is Brazil's second-biggest carrier by market share, but offers almost no competition to rival TAM SA (TAM, TAMM4.BR, TAMSY) in international flights. TAM, which is in the process of merging with Chile's LAN Airlines SA (LFL, LAN.SN), last year accounted for 89% of international flights, while Gol carried 9.7% of international passengers.

-By Paulo Winterstein and Rogerio Jelmayer, Dow Jones Newswires; 55-11-3544-7073; paulo.winterstein@dowjones.com

Latest LTM Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.