Abra Group in its memorandum of understanding with Azul S.A. to explore a potential business combination in Brazil
On January 15, 2025, Abra Group Limited (the majority investor of airlines Gol Linhas Aereas Inteligentes S.A. and Avianca) and Azul S.A., a Brazilian airline, signed a non-binding Memorandum of Understanding with the intent to explore a business combination between Gol and Azul to craft a more competitive and resilient global aviation player.
Wachtell, Lipton, Rosen & Katz is acting as legal advisor to Abra.