There will be a new airline in Brazil by 2021. The bus company Itapemirim Group received $500 million USD to set up, among other initiatives, a new airline in the country, said local newspaper Folha de Sao Paulo.
Sidnei Piva, Itapemirim president said that one of Abu Dhabi’s sovereign wealth funds provided with the $500 million USD to start up a new airline. The current name for this carrier is Ita, according to AirlineGeeks.
By Daniel Martínez Garbuno via Simple Flying