123milhas
123milhas's Overview
123milhas is a Brazilian online travel agency (OTA) founded in 2016, headquartered in Belo Horizonte. The company gained prominence by offering airline tickets, often at discounted prices, purchased using third-party frequent flyer miles, in addition to hotel bookings and travel packages. In August 2023, 123milhas filed for judicial recovery (recuperação judicial) in Brazil amidst financial difficulties, largely triggered by the suspension of its flexible 'PROMO123' travel packages. The company is currently undergoing a significant restructuring process to address its debts and continue operations.
Where is 123milhas's Headquarters?
HQ Function
Serves as the central hub for core operations, including technology development, marketing, financial management, and customer support for 123milhas's online travel agency services.
Notable Features:
Modern office facilities within a commercial building, designed to support a technology-focused company and its administrative functions.
Work Culture:
Previously known for a dynamic, fast-paced, and tech-driven startup environment. Currently, the atmosphere is intensely focused on crisis management, operational restructuring, and navigating the judicial recovery process.
HQ Significance:
The headquarters is crucial for coordinating the company's nationwide operations in Brazil, housing key departments that manage its online platform, customer relations, and strategic decisions during its restructuring phase.
Values Reflected in HQ: Historically aimed to reflect innovation, accessibility in travel, and technological efficiency. The current focus is on transparency, responsibility towards creditors and customers, and resilience during its recovery.
Location:
123milhas primarily operates and serves customers within the Brazilian market. Its focus is on domestic and international travel originating from or destined for Brazil. It does not have a significant physical operational presence outside of Brazil.
Street Address:
Rua Paraíba, 330, 9º andar, Edifício Atmos
City:
Belo Horizonte
State/Province:
Minas Gerais
Country:
Brazil
123milhas's Global Presence
Buying Intent Signals for 123milhas
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Executive Team of 123milhas
As of April 2025, 123milhas' leadership includes:
Investors of 123milhas
123milhas has been backed by several prominent investors over the years, including:
Executive New Hires/Exits in the Last 12 Months
123milhas initiated a judicial recovery process in August 2023, leading to significant operational restructuring. The founding partners, Ramiro and Augusto Madureira, remain actively involved in navigating the company through this period. Specific high-level executive hires or departures beyond the context of the general restructuring and workforce adjustments have not been widely publicized.
Technology (Tech Stack) used by 123milhas
Discover the tools 123milhas uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.
123milhas Email Formats and Examples
123milhas likely utilizes common corporate email formats based on employee names. The primary domain for their communications, including customer support, is @123milhas.com.br.
[firstname].[lastname]@123milhas.com.br
Format
joao.silva@123milhas.com.br
Example
70%
Success rate
News and media
G1 Globo • August 29, 2023
123milhas files for judicial recovery with debts of R$2.3 billion
Travel agency 123milhas filed for judicial recovery with the Court of Justice of Minas Gerais, declaring debts of R$2.3 billion. The request came days after the company suspended its flexible promotional packages and airline tickets, affecting thousands of customers....more
Valor Econômico • August 31, 2023
Court accepts 123milhas's judicial recovery request
The Minas Gerais Court of Justice accepted the judicial recovery request from 123milhas. This decision granted the company a 180-day stay period, suspending lawsuits and enforcement actions to allow it to present a recovery plan....more
വിവിധ മാധ്യമങ്ങള് (Various Media) • September 6, 2023
123milhas founders summoned by Parliamentary Inquiry Commission (CPI)
The founders of 123milhas, Ramiro and Augusto Madureira, were summoned to testify before the Parliamentary Inquiry Commission (CPI) on Financial Pyramids in the Brazilian Chamber of Deputies to explain the company's situation and the impact on consumers....more
Melhores Destinos • January 22, 2024
123 Milhas presents judicial recovery plan; see details
123 Milhas presented its judicial recovery plan, outlining proposals for paying creditors. The plan includes different conditions for various classes of creditors, such as consumers with suspended packages and suppliers, and is subject to approval in a creditors' meeting....more
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