Negotiations for a potential merger between Azul Linhas Aéreas and GOL Linhas Aéreas have ended, halting the creation of an aviation giant in Brazil. Simultaneously, GOL has requested the termination of the codeshare agreement it had with Azul, effective as…
With a stronger financial structure and a clear strategic plan, Brazilian GOL Linhas Aéreas has completed its reorganization process under Chapter 11 of the U.S. Bankruptcy Code. The airline emerges with reduced debt, substantial liquidity, and a reinforced operational focus,…
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Abra Group, the majority investor in Avianca and GOL, signed an MoU for five A350-900s with Airbus today at the Farnborough Air Show. The aircraft will further expand international long-haul operations and increase capacity. Adrian Neuhauser, CEO of Abra Group…