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Azul S.A. (B3:AZUL4; OTC:AZULQ) announced Thursday that it has ended discussions with Abra Group Limited, the controlling entity of Gol Linhas Aéreas Inteligentes S.A., regarding a potential business combination. The company also stated it has terminated the commercial cooperation agreement, or codeshare, with Abra that was previously disclosed on May 23, 2024.
The discussions between Azul and Abra were formalized in a non-binding memorandum of understanding signed on January 15, 2025, which outlined terms for a possible merger between Azul and Gol. According to a statement released by Azul, both the talks and the codeshare agreement have now concluded.
Azul clarified that it will honor all tickets issued under the now-terminated codeshare agreement. The company also reaffirmed its commitment to strengthening its capital structure and said it will keep shareholders and the market informed of any further developments related to the ended discussions and cooperation agreement.
The information in this article is based on a press release statement included in a recent SEC filing.
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