Brazilian Airlines Azul and GOL have reached a preliminary agreement to merge its business in Brazil's domestic and international markets.
Based on this unreasonable memorandum of understanding, the two airlines will negotiate the economic terms of cooperation. The final agreement needs to be approved by the company and regulatory authorities. It will only happen behind GOL, Enter Chapter 11 Bankruptcy Law One year ago, the reorganization had been completed.
GOL is held by ABRA Group. Abra is also the main owner of the Avianka Airlines headquarters in Colombia.
ABRA Group Chief Financial Officer Manuel Irarrazaval stated in a statement: “As part of the ABRA revitalizing Brazil market strategy, this is an important opportunity to further strengthen our business in Brazil and enhance our global network capabilities.”
According to the proposed merger, GOL and Azul will retain a separate operating certificate and reserve their own brand. However, they will consolidate and coordinate their network and product supply. The two airlines will provide services to more than 200 destinations in Brazil and internationally. This month, Azul operated a total of 9 US routes to Lawdeierburg and Orlando, while GOL operated a total of 5 routes to Miami and Orlando.
As far as 2024 passengers are concerned, the Azul-GOL group will account for 61.4%of Brazil's market share, According to the “Rio Times” reportMake the second largest operator Latin American Airlines dwarfed. According to statistics, GOL currently has an active fleet consisting of 137 Boeing 737 aircraft, while Azul has a hybrid fleet composed of 188 aircraft Planespotters.netEssence
Such a large -scale merger is likely to be reviewed by antitrust agencies. The two airlines claim that after the merger, it will expand the number of territory and international flights in Brazil and improve products and services.
