Azul and Gol Sign Agreement for Potential Merger on January 15, 2025, Targeting Over 60% Market Share, Pending Gol's Judicial Recovery

Jan 15, 2025, 11:18 PM

Brazilian airline Azul and its rival Gol, through its principal shareholder Abra, have signed a memorandum of understanding to explore a merger. This potential union could create one of the largest airlines in Latin America, capturing over 60% of the market share. The agreement was finalized on January 15, 2025, and is contingent upon Gol's ongoing judicial recovery process. The merger aligns with broader efforts in Brazil's aviation sector to consolidate and strengthen national carriers.