Brazil's airline company azul airlines announced that it plans to acquire one of the rival companies, Gol airlines, while this merger will lead to the emergence of a new leader in the aviation industry.
In Brazil, which ranks eighth in the world aviation market and carried 112 million passengers in 2023, but airline companies are going through a difficult period due to high fuel costs, taxes and weak economic conditions, gol airlines recently announced its difficult situation by requesting bankruptcy protection.
Azul Airlines, which is evaluating plans to acquire Gol Airlines in order to expand its growth strategy and is in contact with two banks for the acquisition of Gol, stated that no concrete step has been taken yet and negotiations have not started. Latam has the largest share in the Brazilian aviation market, while Gol and Azul rank second and third respectively. It is estimated that these two companies will control more than half of the market if they merge.
Colombia-based airline company Avianca had previously announced its intention to merge with Gol to form the Abra Group. In this competitive environment, it is a matter of great curiosity what will happen in the Brazilian aviation market in the coming period.
