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The latest update is out from GOL Linhas Aereas Inteligentes SA ( (GOLLQ) ).
On January 15, 2025, GOL Linhas Aéreas Inteligentes S.A. announced that it received a notice regarding a non-binding Memorandum of Understanding (MoU) signed by Abra Group Limited and Azul S.A. to explore a potential business combination in Brazil. While GOL is not directly involved in the MoU, the agreement is linked to the completion of GOL’s Chapter 11 restructuring plan. The MoU outlines that both companies would maintain their independent brands and operating certificates if the transaction proceeds. This development indicates a significant strategic move in the aviation industry, potentially affecting market dynamics in Brazil.
More about GOL Linhas Aereas Inteligentes SA
GOL Linhas Aéreas Inteligentes S.A. is a leading Brazilian airline, known for having the lowest unit cost in Latin America since its inception in 2001. The company is part of the Abra Group and has established alliances with American Airlines and Air France-KLM, enhancing connectivity through over 60 codeshare and interline agreements. GOL operates a standardized fleet of 138 Boeing 737 aircraft and is committed to safety as its primary value. It also runs the Smiles loyalty program and GOLLOG for cargo transportation. GOL’s shares are traded on B3 under the ticker GOLL4.
YTD Price Performance: 23.41%
Average Trading Volume: 27,929
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $113.6M
For a thorough assessment of GOLLQ stock, go to TipRanks’ Stock Analysis page.
