Transportation
Yesterday's crash of a TAM aircraft at Sao Paulo's Congonhas Airport will have "a major impact" on the airline and Brazil's other leading carrier Gol
, according to Calyon Securities analyst Ray Neidl. Congonhas "is the heart of the Brazil commercial aviation industry," Neidl wrote in a research note. "This accident ... could have a major affect on the aggressive growth plans of the two carriers going forward." Press reports indicated the crash of the Airbus A320 killed 200 people onboard and on the ground.