Brazilian airlines Azul and Gol announced Wednesday after trading closed on the São Paulo Stock Exchange (Bovespa) that they had signed a memorandum of intent to finalize a merger whereby one of the largest airlines in Latin America would be created. If the plan goes through, the resulting airline would have a 60% share in Latin America's largest country, thus challenging Latam's hegemony.
Add your comment!Less than a week after announcing a codeshare agreement for flights marketed jointly but operated separately, Brazilian carriers Gol and Azul were reported to have engaged in talks that could lead to a full-size merger that would reshape the entire gameboard for the aviation industry in the region.
Brazilian carrier Azul has added new services to and from Montevideo's Carrasco International Airport, thus increasing the Uruguayan capital's connectivity with destinations in South America's largest country, after direct flights to Foz do Iguazu, Florianópolis, and Recife were introduced.