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Hitting turbulence

jamesjames2541/iStock/Thinkstock/jamesjames2541/iStock/Thinkstock

In the midst of a deepening recession defined by a sharply devalued currency and rising unemployment, Brazil’s airlines have had to cut capacity and slash prices to survive. But while the current economic climate may be a major cause for concern, Joe Rowley finds several reasons to be optimistic about the development of Brazil’s aviation sector