Gol Flight Cuts Won’t Affect WebJet Buy

April 6, 2012

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Brazilian airline Gol's decision to cut 100 flights daily will not affect the regulatory review of its takeover of rival WebJet, according to the head of Brazil's antitrust agency Cade.

"The reduction in number of flights by either one does not mean the entrance of a new competitor to take that space," said Olavo Chinaglia in an interview.

Chinaglia did not say when Cade would rule on the WebJet acquisition, but he did not expect a decision this month.

(Reuters)