Brazil: Transbrasil & Vasp Airlines Finalize Agreement to Share Market by Barbara Khol Category/Department: General Published: Tuesday, May 5, 1992

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5-5-1992 Brazil: Transbrasil & Vasp Airlines Finalize Agreement To Share Market Barbara Khol

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Recommended Citation Khol, Barbara. "Brazil: Transbrasil & Vasp Airlines Finalize Agreement To Share Market." (1992). https://digitalrepository.unm.edu/ notisur/9167

This Article is brought to you for free and open access by the Latin America Digital Beat (LADB) at UNM Digital Repository. It has been accepted for inclusion in NotiSur by an authorized administrator of UNM Digital Repository. For more information, please contact [email protected]. LADB Article Id: 061460 ISSN: 1060-4189 Brazil: Transbrasil & Vasp Airlines Finalize Agreement To Share Market by Barbara Khol Category/Department: General Published: Tuesday, May 5, 1992

On May 1 in Sao Paulo, Omar Fontana, president of Transbrasil airline, told reporters that the Vasp and Transbrasil air carriers had completed an agreement to share 55% of the market. Fontana said the two companies are equally prepared to compete with the nation's largest airline Varig for additional market share. The agreement, according to Fontana, will represent savings of US$5 million per month for the two companies. Savings could increase to US$10 million a month within the next three months, he said. Fontana asserted that "all phases of production are to be conducted with cost reduction in mind." (Basic data from Agence France-Presse, 05/01/92)

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