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The chief executive of Gol parent company Abra Group says a business combination with Brazilian compatriot Azul is still on the agenda, despite the latter carrier recently entering Chapter 11 ...
Azul remains bullish on the benefits of a potential combination with domestic rival GOL, outlining for investors the main benefits it sees for consumers and the Brazilian market. “We’re really ...
FILE PHOTO: Gol and Azul airlines planes are pictured at Santos Dumont Airport in Rio de Janeiro, Brazil, January 17, 2025. REUTERS/Ricardo Moraes/File Photo. By Luciana Magalhaes and Gabriel Araujo.
A planned merger between Brazilian airlines Gol and Azul would strengthen the sector and prevent either company from failing, Brazil's ports and airports minister told Reuters, giving the potential ...
Azul and GOL make the first move to deepen their ties. After GOL entered into US Chapter 11 bankruptcy protection in Jan-2024, reports emerged that Azul was interested in merging with GOL.. Eventually ...
An Azul-Gol combination would represent 61.4% of the Brazilian market share in terms of 2024 passengers, according to the Rio Times, dwarfing the next-largest operator, Latam.
GOL and Azul would integrate financial and operational functions like a single reservation system but would maintain distinct airline brands. Together, they operate a combine 14 routes to Florida.
SÃO PAULO, January 15, 2025 – Azul S.A. (B3: AZUL4, NYSE: AZUL), a major Brazilian airline, has announced the signing of a non-binding Memorandum of Understanding (MoU) with Abra, the ...
Azul and Abra, Gol’s parent company, signed a memorandum of understanding this Wednesday (15) which, if fulfilled, will lead to the airlines’ merger after approval by Cade and Anac.
Investing.com -- Shares of Azul (NYSE:AZUL) climbed 3% in US premarket trading following the announcement of significant progress towards a potential merger with GOL. On Wednesday evening, Azul ...
Investing.com -- Shares of Azul (NYSE:AZUL) climbed 3% in US premarket trading following the announcement of significant progress towards a potential merger with GOL. On Wednesday evening, Azul ...
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