Azul Linhas Aéreas Brasileiras (AD, São Paulo Viracopos) and Abra Group signed a non-binding Memorandum of Understanding (MoU) “aligning terms and conditions for a potential business combination” between Azul and GOL Linhas Aéreas Inteligentes (G3, São Paulo Congonhas).

If the merger proceeds, Azul and GOL will maintain separate operations and their respective operating certificates while being listed under a single corporate entity. Other areas may be consolidated, although specifics were not disclosed….

Source: ch aviation
Read more: Brazil’s Azul, GOL sign non-binding merger MoU