Gol parent company starts talks with Azul for possible deal
The controlling shareholder of Gol Linhas Aereas Inteligentes SA has started talks with Azul SA. Holding company Abra Group Ltd seeks to “explore opportunities”, Gol said in a statement late Tuesday. Any potential agreement between Abra and Azul would not be binding on the company, according to the document. Sao Paulo-based Gol is said to be in talks for a merger with rival Brazilian airline Azul. In one scenario under consideration, Abra Group would contribute its Gol shares to Azul in exchange for a stake in the combined entity. Last week, both airlines announced an agreement to connect their flight networks, which is said to be the first step toward the companies consolidating. Azul added in a securities filing it is holding “independent talks” with Abra and has not signed any agreement regarding a potential business combination with Gol.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2024-05-30/unaligned/gol-parent-company-starts-talks-with-azul-for-possible-deal
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Gol parent company starts talks with Azul for possible deal
The controlling shareholder of Gol Linhas Aereas Inteligentes SA has started talks with Azul SA. Holding company Abra Group Ltd seeks to “explore opportunities”, Gol said in a statement late Tuesday. Any potential agreement between Abra and Azul would not be binding on the company, according to the document. Sao Paulo-based Gol is said to be in talks for a merger with rival Brazilian airline Azul. In one scenario under consideration, Abra Group would contribute its Gol shares to Azul in exchange for a stake in the combined entity. Last week, both airlines announced an agreement to connect their flight networks, which is said to be the first step toward the companies consolidating. Azul added in a securities filing it is holding “independent talks” with Abra and has not signed any agreement regarding a potential business combination with Gol.<br/>
