{"id":94429,"date":"2025-06-03T11:54:38","date_gmt":"2025-06-03T14:54:38","guid":{"rendered":"https:\/\/murray.adv.br\/?p=94429"},"modified":"2025-06-03T11:54:38","modified_gmt":"2025-06-03T14:54:38","slug":"gol-parent-says-merger-still-on-track-despite-azul-restructuring","status":"publish","type":"post","link":"https:\/\/murray.adv.br\/en\/gol-parent-says-merger-still-on-track-despite-azul-restructuring\/","title":{"rendered":"Gol parent says merger still on track despite Azul restructuring"},"content":{"rendered":"
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Abra Group CEO Adrian Neuhauser says both airlines are cleaning up their capital structures, paving way for possible merger<\/em><\/strong><\/h6>\n<\/div>\n<\/div>\n
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06\/03\/2025\u00a0<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n

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Adrian Neuhauser, CEO of Abra Group\u2014the holding company that controls Gol and Avianca\u2014said the group remains interested in airline consolidation in Brazil. According to Mr. Neuhauser, Azul\u2019s recent decision to file for Chapter 11 bankruptcy protection in the U.S. does not alter\u00a0Abra\u2019s plans to pursue a potential merger between the two Brazilian carriers<\/a>.<\/p>\n<\/div>\n

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\u201cWe made public a memorandum of understanding [MOU] outlining a potential tie-up between Gol and Azul, and we also submitted that MOU for regulatory approval,\u201d Mr. Neuhauser said during a panel at an event hosted by the International Air Transport Association (IATA) in New Delhi. He emphasized that the group still sees a clear opportunity for consolidation.<\/p>\n<\/div>\n

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Mr. Neuhauser noted that both carriers have similar financial structures and are now working to clean up their balance sheets. \u201cGol is expected to exit Chapter 11 this week,<\/a>\u201d he said. \u201cWe\u2019re happy to see Azul making progress in its restructuring, and we hope that opens the door to consolidation, which is something we intend to pursue.\u201d<\/p>\n<\/div>\n

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During the panel, Mr. Neuhauser was asked whether Latin America\u2019s airline industry might see further restructurings. The region has been marked by several high-profile bankruptcy cases in recent years, including Avianca, Latam, Gol, Aerom\u00e9xico, and now Azul.<\/p>\n<\/div>\n

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Mr. Neuhauser responded that such restructurings were a natural outcome in Latin America, where airlines received far less government support compared to their peers in the U.S. and Europe\u2014where public funds helped sustain operations during crises.<\/p>\n<\/div>\n

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\u201cThat\u2019s why we saw them all go through restructuring one after another. But we don\u2019t expect more large carriers in the region to go through this. That cycle is behind us,\u201d he said.<\/p>\n<\/div>\n

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After prolonged but unsuccessful attempts to restructure its debt through direct negotiations with creditors last year,\u00a0Azul announced on May 28 that it had filed for Chapter 11<\/a>. Through the process, the airline aims to restructure roughly R$35 billion in debt with creditors and investors.<\/p>\n<\/div>\n

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However, Azul entered bankruptcy proceedings with a secured debtor-in-possession (DIP) financing package worth $1.6 billion. It also secured about $950 million in exit financing commitments from bondholders and strategic partners,\u00a0including American Airlines and United.<\/a><\/p>\n<\/div>\n

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With these guarantees and advanced negotiations, Azul has indicated that it expects a swift process.<\/p>\n<\/div>\n

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During its first hearing at the New York bankruptcy court overseeing its case, Azul informed Judge Sean H. Lane that it anticipates a confirmation hearing for its Chapter 11 exit plan to be held on December 28. If approved, the company expects to emerge from bankruptcy within 90 days\u2014by March 2026.<\/p>\n<\/div>\n

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The confirmation hearing is one of the final stages in the Chapter 11 process, during which the court must approve the airline\u2019s restructuring plan.<\/p>\n<\/div>\n

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*IATA covered the reporter\u2019s travel expenses.<\/em><\/p>\n

*By\u00a0Cristian Favaro, Valor\u00a0\u2014 New Delhi<\/p>\n

Source: Valor International<\/p>\n

https:\/\/valorinternational.globo.com\/<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Abra Group CEO Adrian Neuhauser says both airlines are cleaning up their capital structures, paving way for possible merger         06\/03\/2025\u00a0 Adrian Neuhauser, CEO of Abra Group\u2014the holding company that controls Gol and Avianca\u2014said the group remains interested in airline consolidation in Brazil. According to Mr. Neuhauser, Azul\u2019s recent decision to file […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8106],"tags":[26148,26149],"class_list":["post-94429","post","type-post","status-publish","format-standard","hentry","category-murray-news","tag-gol-parent","tag-merger-still-on-track-despite-azul-restructuring"],"yoast_head":"\nGol parent says merger still on track despite Azul restructuring - Murray Advogados<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/murray.adv.br\/en\/gol-parent-says-merger-still-on-track-despite-azul-restructuring\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gol parent says merger still on track despite Azul restructuring - Murray Advogados\" \/>\n<meta property=\"og:description\" content=\"Abra Group CEO Adrian Neuhauser says both airlines are cleaning up their capital structures, paving way for possible merger         06\/03\/2025\u00a0 Adrian Neuhauser, CEO of Abra Group\u2014the holding company that controls Gol and Avianca\u2014said the group remains interested in airline consolidation in Brazil. 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