Azul and Gol to potentially merge, creating dominant airline in Brazil

From Investing.com: 2025-01-15 21:30:50

Brazilian airlines Azul and Gol are in talks to merge, creating a dominant carrier with 60% of the domestic market. The move aims to strengthen operations amidst industry challenges. The combination would allow for larger connectivity and lower capital costs. Regulatory approvals are needed for the deal to proceed. Gol expects to exit Chapter 11 bankruptcy by May. The complementary networks of Azul and Gol could help secure antitrust approval. The merged company would have a diverse board and leadership structure.



Read more at Investing.com: Azul, Gol inch closer to potential tie-up to form major Brazil airline By Reuters