Azul Set to Sign Memorandum of Understanding for Merger with Gol’s Parent Company Abra Group
According to Valour Economico, Brazilian airline Azul is expected to sign a memorandum of understanding with Gols parent firm, Abra Group, about a pos
According to Valour Economico, Brazilian airline Azul is expected to sign a memorandum of understanding with Gols parent firm, Abra Group, about a possible merger between the two carriers in the upcoming weeks. In addition to outlining the mergers goals, the memorandum will cover topics like capital structure, governance, and several transaction structuring possibilities. Both airlines had established a codeshare arrangement in May, and Azul has been in talks with Abra Group to explore potential. The completion of Gols Chapter 11 bankruptcy procedures, anticipated to end in April, is a critical component of the merger talks. Gol and Azul have refrained from commenting on the matter.
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B2B Tech News | 9 days ago