Neeleman to head Azul-Trip

Madrid
Source:
This story is sourced from Pro
See more Pro news »

Brazil's Azul and Trip Linhas Aereas, which announced their merger last May, have revealed the management structure of the merged company, which will be helmed by Azul co-founder David Neeleman as chairman and chief executive.

Jose Mario Caprioli, owner and CEO of Trip, will be its chief operating officer and president of the executive committee. Former Azul CEO Pedro Janot will retire from the role due to health reasons, but will become a member of the administrative board, says the merged airline in a statement.

John Rodgerson will be chief financial officer and Trey Urbahn will be appointed chief revenue officer.

With this move, JetBlue founder David Neeleman, who is also a Brazilian citizen, assumes full executive control over the merged company, which is still awaiting government approval. Both carriers plan to introduce their first code-share connections next month.

Neeleman said previously that the merger with Trip "equalled four years of growth", catapulting the carrier into a position to challenge the traditional TAM-Gol duopoly in Brazil.

Azul and Trip share the synergies of a common Embraer and ATR fleet, as well as the same Campinas home base, In June, the combined Azul-Trip market share in the fast-growing Brazilian market was close to 15%.