Overview

• Abra Group, Gol’s controller, formally notified Azul that discussions about combining the companies have been terminated, according to official disclosures.
• The carriers rescinded their May 2024 codeshare that linked their domestic networks and loyalty programs in Brazil.
• Gol cited the lack of meaningful progress since a January 15, 2025 memorandum of understanding and changes in conditions since that filing.
• Negotiations had contemplated creating a corporation without a defined controller, with a nine-member board split among Abra, Azul, and independent directors.
• Both companies emphasized customer continuity, confirming that tickets sold through the partnership will be respected.