Gol, Azul Talks for Merger Lose Momentum: Valor

Talks between Brazilian airlines have lost priority and are on hold in light of Azul’s restructuring, Valor Economico reports citing unidentified sources with knowledge of the matter.

• Completing Azul’s restructuring would be a fundamental step towards resuming talks, Valor says citing sources
  • Azul expects to complete the entire process this year and officially exit the restructuring in early 2026, according to the newspaper
• In parallel with the merger discussions, Gol and Azul are trying to make the codeshare agreement, announced in 2024, viable, for which they have 30 days to formalize the communication with Brazil antitrust regulator Cade
  • The future ...