Azul SA and Abra Group, the principal shareholder of Gol Linhas Aereas Inteligentes SA, have agreed to explore a merger, potentially creating one of Latin America's largest airlines. The companies signed a non-binding memorandum of understanding, initiating discussions for a unified stock-listed entity in Brazil. This merger would require approval from Brazil’s antitrust regulators, presenting a key challenge in the process. If successful, the combined airline would significantly enhance its market presence in the region. The announcement was disclosed publicly after the market closed. Continue here.
