Azul Brazilian Airlines and Abra have signed a memorandum of understanding aimed at merging operations within Brazil.
Abra is the main shareholder of Gol Linhas Aéreas and Avianca Airlines. The memorandum is non-binding and ensures that after the merger, they will maintain independent air transport licenses and brands.
Azul Brazilian Airlines and Gol Linhas Aéreas have nearly 90% complementary routes. They aim to increase domestic and international flight offerings to improve connectivity and services, contributing to the growth of the aviation industry.
The merger requires both companies to agree on economic terms, finalize a definitive contract, and obtain approval from the authorities. Additionally, the completion of Gol Linhas Aéreas’ Chapter 11 restructuring is also a condition for the merger.
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