Overview

• The companies filed market notices on September 25–26 confirming the termination of merger discussions that began under a January 2025 memorandum of understanding.
• GOL and Azul simultaneously ended their domestic codeshare launched in May 2024, with both pledging to honor tickets already issued under the partnership.
• GOL told Azul the MoU and a pre-filing with Brazil’s antitrust authority CADE were executed under circumstances that no longer reflect the carriers’ current situations.
• CADE had previously frozen the codeshare for review, and reporting indicated a combined Azul–GOL would have controlled over 60% of Brazil’s domestic capacity.
• Abra stated it still sees merit in a potential combination and remains ready to engage with relevant stakeholders in the future.