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Outcome of Brazilian regulatory review of Azul and Gol merger by January 2026
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Azul•Gol•Latin American•Abra•Chapter 11•Brazil•John Rodgerson•Cade•National Civil Aviation Agency•Anac
Resolution / Starting Odds
Approved without conditions • 25%
Approved with conditions • 25%
Rejected • 25%
Other • 25%
Decisions published by Brazil's Cade and Anac
Story
Azul and Gol Plan Merger to Control 60% of Brazil's Air Market, Led by John Rodgerson
Jan 16, 2025, 01:06 AM
Brazilian airlines Azul and Gol have signed a memorandum of understanding to explore a potential merger, aiming to create a dominant player in the Latin American aviation market. The agreement, announced on January 15, 2025, involves Azul and Abra, the controlling shareholder of Gol, and is contingent upon Gol's successful exit from its Chapter 11 bankruptcy proceedings in the U.S., expected by April. If completed, the merger would result in a new entity controlling over 60% of Brazil's air travel market. The companies plan to maintain their separate brands and operational certificates, with Azul's CEO, John Rodgerson, set to lead the new group. The merger's approval is anticipated to take a year, with regulatory scrutiny from Brazil's Administrative Council for Economic Defense (Cade) and the National Civil Aviation Agency (Anac).
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