Azul, Abra sign MoU to open talks for merger process, Bloomberg reports

Brazil’s Azul (AZUL) and Abra Group, the principal shareholder for rival Gol Linhas (GOL), have reached an agreement to work toward a merger, possibly creating one of the biggest air carriers in the region, Bloomberg’s Ezra Fieser and Rachel Gamarski report. Executives from both companies signed a non-binding memorandum of understanding, opening discussions for a merger process, the authors note.