Transportation
Azul, Gol Deal to Connect Flights Is a Step Toward Combining
- Shares of both airlines rallied on news of the agreement
- Azul is said to be in talks for a potential merger with Gol
A traveler checks in at the Gol Airlines ticket counter at Santos Dumont Airport in Rio de Janeiro, Brazil.
Photographer: Leonardo Carrato/BloombergThis article is for subscribers only.
An agreement between Azul SA and Gol Linhas Aereas Inteligentes SA to connect their flight networks is the first step toward the companies consolidating, according to one person familiar with the matter.
Conversations among creditors and shareholders pertaining to a merger between the firms are still ongoing, the person said, asking not to be identified discussing a private matter.