Overview

• GOL announced a board-backed plan to delist from Brazil’s B3 as part of a reorganisation aimed at operational synergies and cost reduction.
• The restructuring would merge GOL Investment Brasil S.A. and GOL Linhas Aéreas Inteligentes S.A. into unlisted GOL Linhas Aéreas S.A.
• A public tender offer will be launched for listed shares, with a right to cancel if the total reaches BRL47.25 million (about USD8.7 million).
• An extraordinary general meeting and a preferred-shareholders meeting are scheduled for November 4, 2025, to deliberate on the merger.
• Abra said it plans to file SEC paperwork for a potential U.S. IPO, and the proposed post-merger structure keeps Abra at 80% of Luxembourg-based New Gol Parent S.A. with 20% held by new minority investors.