Reported 5 months ago
Azul SA and Gol Linhas Aereas Inteligentes SA reached an agreement to interconnect their flight networks, marking the first step towards potential consolidation. Talks of a merger are ongoing, with Azul considering acquiring Gol's shares in exchange for a stake in the combined entity. The partnership, including a codeshare agreement in Brazil, led to a significant increase in both airlines' stock prices. Analysts view the collaboration positively, foreseeing potential revenue growth and increased demand for flights, emphasizing the airlines' complementary network strengths and the possibility of a merger.
Source: YAHOO