Gol (GOLL54) has been given a deadline by B3 (B3SA3) until January 29, 2026 to comply with regulations that forbid trading stocks priced below R$ 1.
The market was already discussing the company’s need to take action, as reported by MoneyTimes. Gol did not provide specific details on the measures it plans to implement but assured that it will inform shareholders and the market accordingly.
Goal and Blue finalize merger and codeshare deal in Brazil
The Gol (GOLL54) and Blue (AZUL4) airlines have decided to end talks about a potential merger.
Companies confirmed on Thursday night the termination of the codeshare agreement signed in May 2024 to integrate their air networks in the country.
The process started in January with the signing of a memorandum of understanding by Abra, Gol, and Blue.
The discussions did not progress because Blue was concentrating on its Chapter 11 proceedings in the United States, as stated in the ruling.
Abra stated that there were no substantial talks or advancements in a potential business merger for a prolonged period.
The companies confirmed that all tickets issued remain valid despite the partnership ending.
The result disappoints the anticipated formation of the biggest airline in the nation. Anac data for August reveals Latam leading with 41.1% market share, trailed by Gol at 30.1% and Azul at 28.4%.
Cade cautioned in September against making premature merger announcements and urged companies to formalize their codeshare agreements. It was anticipated that any potential collaboration would not commence until 2026 following regulatory scrutiny.
Blue achieved a net profit of R$1.29 billion in the second quarter, recovering from losses in 2024, while Gol decreased losses to R$1.5 billion and emerged from judicial recovery in June.
- Businesses in the Bag
- Business operations
- B3 (B3SA3)
- Objective (GOLL4)
