{"id":10671,"date":"2025-01-16T02:14:07","date_gmt":"2025-01-16T02:14:07","guid":{"rendered":"https:\/\/cryptoopia.com\/stock-markets\/10671.html"},"modified":"2025-01-16T02:14:07","modified_gmt":"2025-01-16T02:14:07","slug":"brazils-azul-signs-preliminary-deal-to-explore-merger-with-gol","status":"publish","type":"post","link":"https:\/\/cryptoopia.com\/stock-markets\/10671.html","title":{"rendered":"Brazil\u2019s Azul signs preliminary deal to explore merger with Gol"},"content":{"rendered":"<p>Investing.com&#8211; Brazilian airline <span><span> Azul SA <\/span><\/span> (NYSE:<span class=\"aqPopupWrapper js-hover-me-wrapper\">AZUL<\/span>) and Abra- the majority investor in its rival Gol, said they had signed a non-binding agreement on Wednesday to explore the combination of their businesses in Brazil.\u00a0<\/p>\n<p dir=\"ltr\">Said combination has the potential to create Brazil\u2019s biggest airline, outpacing the local unit of Chile\u2019s LATAM Airlines (NYSE:<span class=\"aqPopupWrapper js-hover-me-wrapper\">LTM<\/span>).\u00a0<\/p>\n<p dir=\"ltr\">Azul and Abra said they had signed a non-binding Memorandum of Association over a potential merger.\u00a0<\/p>\n<p dir=\"ltr\">Both Azul and Gol are expected to keep their operating certificates and retain their individual brands and operations, Azul and Abra said in a press release.\u00a0<\/p>\n<p dir=\"ltr\">Wednesday\u2019s MoU includes governance and capital structure agreements, and marks a step towards more discussions over the deal. But the two did not disclose any other terms of a potential deal.\u00a0<\/p>\n<p dir=\"ltr\">The deal also represents a lifeline for Gol, which is in the middle of Chapter 11 bankruptcy proceedings. The company released a revised five-year strategic plan to exit bankruptcy on Wednesday.<\/p>\n<p dir=\"ltr\">Azul&#8217;s U.S.-listed shares rallied 4.6% in aftermarket trade, following the announcement of the MoU. They had surged 7.5% on Wednesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[db:\u6458\u8981]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[28],"class_list":["post-10671","post","type-post","status-publish","format-standard","hentry","category-stock-markets","tag-db"],"_links":{"self":[{"href":"https:\/\/cryptoopia.com\/wp-json\/wp\/v2\/posts\/10671","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoopia.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoopia.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoopia.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoopia.com\/wp-json\/wp\/v2\/comments?post=10671"}],"version-history":[{"count":0,"href":"https:\/\/cryptoopia.com\/wp-json\/wp\/v2\/posts\/10671\/revisions"}],"wp:attachment":[{"href":"https:\/\/cryptoopia.com\/wp-json\/wp\/v2\/media?parent=10671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoopia.com\/wp-json\/wp\/v2\/categories?post=10671"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoopia.com\/wp-json\/wp\/v2\/tags?post=10671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}