Brazilian domestic airline Passaredo has acquired fellow domestic carrier and Manaus-based MAP Linhas Aereas, immediately changing its name to Voe Pass.
The value of the transaction was not disclosed.
As part of acquisition, Passaredo will acquire 12 slots at Sao Paulo Congonhas Airport, which were recently allocated the MAP as a result of the bankruptcy of Avianca Brazil.
Passaredos says its goal is to maintain all current operations of MAP, as well as all jobs and operational bases. Additionally, MAP’s headquarters will remain in Manaus.
Passaredo now plans to dedicate part of its fleet to the North of Brazil, flying out of Manaus, according to president José Luiz Felício Filho.
The total fleet of both airlines will consist of 13 ATRs – three of which will arrive in the next 45 days. Passaredo operates a fleet of five ATR 72-500s while MAP Linhas Aéreas has a fleet of six ATR aircraft which it utilises to 14 destinations across Brazil.