OceanAir will try to ensure flights for the customers who already have BRA tickets, Defense Minister Nelson Jobim told journalists in Rio de Janeiro. The defense ministry oversees civil aviation in Brazil.
Struggling amid rising debt, BRA suddenly stopped operations this week. TAM SA and GOL Linhas Aereas Inteligentes, Brazil's largest airlines, had been honoring BRA tickets.
OceanAir and BRA concentrate on regional flights and had a codeshare deal until September. BRA had 4.6 percent of the local air market, while OceanAir had 2.6 percent.
The head of Russian Technologies, Sergei Chemezov, clarified the fate of anti-aircraft guided missiles that Russia was supposed to deliver to China
The Basmanny Court of Moscow arrested Michael Calvey, the founder of Baring Vostok investment fund, on allegations of embezzling 2.5 billion rubles from Vostochny Bank. Calvey will be held in custody until April 13