Brazil, Gol Linhas Aéreas Inteligentes and Azul
Brazilian Government Endorses Gol-Azul Merger
The Brazilian government has expressed its support for the potential merger between Brazil’s two low-cost carriers (LCC), GOL Linhas Aéreas Inteligentes (G3) and Azul Linhas Aéreas Brasileiras (AD). The government cites the merger's importance in stabilizing the aviation sector and safeguarding employment.
A plan to merge two of Brazil's top airlines to create a dominant carrier will likely win regulatory approval as a government ...
Abra Group and Brazilian carrier Azul have entered a memorandum of understanding to explore a combination that would create ...
Azul said the process included the termination of almost $1.6 billion in debt from its balance sheet, while it also raised ...
Abra—which also controls Colombia’s flag carrier Avianca—and Azul concluded the two Brazilian airlines have 90% complimentary ...
Brazilian airlines Azul and Gol announced Wednesday after trading closed on the São Paulo Stock Exchange (Bovespa) that they ...
The merger of Brazilian airlines Azul (NYSE:AZUL) and Gol Linhas Aéreas Inteligentes (OTCPK:GOLLQ) will bolster the country’s aviation industry and expand routes, Azul Chief Executive John ...
Executives from Azul and Abra Group — Gol’s largest shareholder — signed a non-binding memorandum of understanding on Wednesday, opening talks for a merger process.
Gol and Azul have likely "gotten that thumbs up from the government, and they see a real possibility (of the merger being approved)," said lawyer Xavier Rosales. Ports and Airports Minister Silvio ...
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