http://blogs.wsj.com/deals/2011/07/0...s/?mod=WSJBlog

Likely not good for consumers, since less competition generally means higher fares, but also not surprising, given Webjet's woes, which got so bad that the government stopped them from selling tickets for a while. The WSJ article makes it sound like there has been more competition than there really has been. TAM (part of the Star Alliance) and Gol (code share partner with American, Iberia and others, but not in an alliance) still strongly dominate the airline market. The presence of the competitors varies widely by market. For us in Fortaleza, Webjet had a pretty small presence. Avianca Brasil (formerly Ocean Air) a bit more.