AZUL Aug 2024 15.000 call
- Bloomberg
Lula Wants Strings Attached to Brazil’s Rescue Plan for Airlines
(Bloomberg) -- Brazil’s government has presented its aid plan for the airline industry to the three largest players in the country with an announcement expected in the second half of the year, according to people familiar with the matter.Most Read from BloombergKey Engines of US Consumer Spending Are Losing Steam All at OnceGameStop Shares Surge as Gill’s Reddit Return Shows Huge BetMnuchin Chases Wall Street Glory With His War Chest of Foreign MoneyHomebuyers Are Starting to Revolt Over Steep P
- Reuters
Brazil airline Azul does not foresee antitrust hurdles to codeshare deal with Gol
Brazilian airlines Azul and Gol have informed local antitrust regulator CADE of their new codeshare agreement and do not expect hurdles to be imposed, Azul's chief executive told Reuters. The carriers, which each have around 30% of domestic market share, unveiled the deal last week, covering all domestic routes operated by one but not the other, along with their frequent flyer programs. The move also reignited speculation of a potential merger between the airlines, which would need antitrust approval.
- Reuters
Amid merger speculation, Brazilian airline Gol parent talks with Azul
SAO PAULO (Reuters) -The parent company of Brazilian airline Gol has started talks with rival Azul to "explore opportunities," both airlines said on Monday, following media reports earlier this year that pointed to a potential merger. Azul added in a securities filing it has not signed or formalized any new agreement regarding a potential business combination with Gol, which is controlled by Latin American airline holding company Abra Group. Abra Group was formed in 2022 to combine Gol and Colombia's Avianca under a common holding company jointly controlled by the main shareholders of both firms.
