Transbrasil aims to cut its operating expenses by 35% within the next month in a bid to return to profitability. The Sïo Paulo-based airline's plans include trimming 30% of its 2,888-strong work force, transferring its operations from the more expensive international Guarulhos Airport to the nearby, but less expensive, Congonhas Airport and execute a sale-and-leaseback deal with three Boeing 767-200s.This comes in the wake of a rough year for Transbrasil, which posted a 30 million Real ($11.8 million) loss for the second quarter and faces an effort by lessor General Electric Capital Aviation Services to declare the airline bankrupt.
Source: Flight International
