South American airline consortium Abra Group is non-committal regarding a potential merger between Azul and GOL now that Azul is restructuring thru Chapter 11.
In line with Aviation Week’s MRO Latin America event, this week’s Carbon Analysis looks at Avianca Group, Azul Brazilian Airlines, GOL Airlines and LATAM Group.
Brazil’s GOL Linhas Aéreas is returning to the Venezuelan market after nearly a decade away, with plans to launch flights to Caracas starting March 31.
GOL plans to exit Chapter 11 bankruptcy in May and pledges an improving financial performance as more aircraft return to service after engine maintenance.
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.