The story
Origins
Rico Linhas Aéreas was authorized to operate as a regional carrier in 1996, but its history is much older, beginning with Munur Yurtsever, a fighter pilot born in Skopje, then part of Yugoslavia. Due to political reasons he migrated to Turkey and looking for better opportunities he moved to Brazil. In 1957 he established himself in Nova Xavantina, Mato Grosso. The locals, not being able to pronounce his name, nicknamed him Mickey.
In Nova Xavantina he worked as an airplane mechanic but in no time bought an aircraft and started to fly in the region. The operations consisted of transportation of cargo to gold-mining locations of the region using small aircraft. In 1965 and the business partner Apolonildo Brito started a small charter and air taxi company called Táxi Aéreo Rondônia, specialized in flying to gold-mining centers of Rondônia and headquartered in Porto Velho. During the construction of the Trans-Amazonian highway, the company changed its headquarters to Manaus, and provided air services to the big construction companies that were building the highway. The partnership ended in 1969 and on the same year Yurtsever created RICO – Rondônia Indústria e Comércio Air Taxi. In 1980 RICO merged with Táxi Aéreo Rondônia and RICO Táxi Aéreo was born.
From 1974 to 1986 RICO Táxi Aéreo maintained a contract with Petrobras to provide air-transportation while it was searching for oil and natural gas in the Amazonian region. At that time, RICO operated 51 Douglas DC-3s being the largest private operator of this type of aircraft in the world at that time.
On November 1, 1996, while maintaining its independent air taxi operations, the owners of RICO Táxi Aéreo created Rico Linhas Aéreas,a regional scheduled airline.
Regional Airline
In 2005 Rico Linhas Aéreas was the largest regional carrier in Brazil serving Acre, Amazonas, Pará, and Rondônia.
However the 2008 economic crisis forced Rico to dramatically downsize its operations: between January and September 2008, Rico cancelled 90% of its operations reducing its participation to 0.02% of the market, operating only within the state of Amazonas.
Rico Linhas Aéreas temporarily suspended all scheduled flights as of 1 June 2010 for a major operational restructuring. Charter operations however continued. On 7 June 2011 the National Civil Aviation Agency of Brazil revoked its operational license. RICO Táxi Aéreo however remained operative.
From Wikipedia’s article on Rico Linhas Aéreas, shared under CC BY-SA 4.0.4
