The story
In July 2007 BRA, started a code-share agreement with OceanAir, substantially increasing their domestic destinations. On 6 November 2007, BRA announced that it would suspend all of its flights starting on 7 November and leave all of its 1,000+ employees under mandatory notice of termination of employment.
In 2009, the airline was back in operations with charter flights with a solo Boeing 737-300 ex-Gol Linhas Aéreas, but it was sold to Puma Air, a Brazilian airline that started operating jets in 2010. On June 18, 2009, BRA had its authorization to operate non-regular passenger flights renewed for one year by the Brazilian Civil Aviation Agency (ANAC). Therefore, BRA operated flights on behalf of other airlines or parties, as contracted.
From Wikipedia’s article on BRA Transportes Aéreos, shared under CC BY-SA 4.0.4
