Analysis
Azul-Gol Merger: Can a Mega Airline Rescue Brazil’s Battered Aviation Industry?
Let’s cut to the chase: Brazil’s aviation sector is in rough shape. Azul and Gol, two of its biggest airlines, have been bleeding money since the pandemic. Gol filed for Chapter 11 bankruptcy in early 2024, and Azul has been restructuring its debt with bondholders and suppliers for