GOL

GOL's parent Abra Group has agreed to convert $950 million of its secured debt in the Brazilian carrier to equity as it nears exiting bankruptcy protection.

Abra Group, the parent company of Avianca and Gol, says it has completed the acquisition of Spanish wet-lease and charter specialist Wamos Air.

Azul is pushing back on reports of potential bankruptcy considerations, saying it has sources of liquidity and continues to explore combinations with GOL.

Abra Group, the main shareholder of Colombian airline Avianca and Brazilian LCC Gol, has signed a memorandum of understanding for five Airbus A350-900s.

The EC is investigating IAG’s plans to buy Air Europa to help expand its Madrid hub, where around two-thirds of traffic is connecting traffic.

Four years after the start of the COVID-19 pandemic, Brasilia is moving closer to offering carriers fiscal relief.

Airlines have enjoyed strong demand for the past two years. But with more capacity entering the market, yields are coming under pressure.

This week’s Carbon Analysis returns to Latin America and reassesses the emissions of Avianca Group, Azul Brazilian Airlines, GOL Airlines, and LATAM Group.

Brazil's GOL took delivery of five Boeing 737-8s in the 2023 fourth quarter (Q4), its latest earnings release reveals; two more were delivered in Q1 2024.

The governments of Argentina and Brazil have forged a memorandum of understanding to expand air service between the two countries.

Latin American airlines face headwinds from financial challenges and politics.

With limited government financial support, some of Brazil's airlines exited the pandemic period with balance sheets stretched to a much greater degree.

Government insurance policy will allow low-cost carrier to finance engine maintenance by GE-Celma.

Brazilian operator GOL has received a single Boeing 737-8 in 2023 instead of the 15 slated to be delivered to the airline.

Brazilian operator GOL has lowered its capacity guidance for 2023 to ensure the supply-demand equilibrium in the market remains intact.

The Brazilian carrier intends to expand operations in the northeast of the country, as well as restarting a number of routes to Buenos Aires.

The codeshare pact builds on Turkish’s high-frequency Istanbul-Sao Paulo service.