GOL Airlines, a major Brazilian carrier, has reported its financial results for the year 2024, showing a mixed financial performance with a slight increase in total net revenue and a substantial net loss. The airline’s total net revenue for the year was up by 1.9%, reaching US$3.3 billion, while the net loss for the year stood at $1.0…
The Brazilian government has provided an updated timeline on the proposed merger between GOL Linhas Aéreas Inteligentes and Azul Linhas Aéreas Brasileiras, estimating that the process will be finalized within 12 months. This timeline aligns with the deadline set by CADE, Brazil’s antitrust regulator.
Abra Group (UK) and Azul (Brazil) have signed a non-binding Memorandum of Understanding (MOU) with the intent to explore a potential combination of their business operations in Brazil. The notice of this development was shared with GOL Linhas Aéreas (Brazil), which clarified that it is not a party to the MOU.
