RIO DE JANEIRO, BRAZIL - The American and European skies have become small for the ambition of the major airlines on both sides of the Atlantic.
With low-cost companies dominating a significant share of the short and medium-sized cake in both the US and the Old Continent, and the possibilities for expansion constrained by the very maturity of the market, the big companies have turned their eyes to Latin America - according to industry figures, the third fastest-growing market in the next two decades, behind Asia and the Middle East- to try to ensure their longer-term growth.
The . . .