Global airlines in talks with Brazil’s Gol as part of exit from bankruptcy, according to Reuters
SAO PAULO (Reuters) – Major global airlines are in talks with Gol to invest in the Brazilian carrier, which is in Chapter 11 bankruptcy proceedings in the U.S., local newspaper Valor Economico reported on Tuesday, citing sources.
The report mentions US companies United Airlines and American Airlines (NASDAQ: ), as well as European companies Air France-KLM, British Airways parent International Airlines Group (LON: ) and Germany’s Lufthansa Group among the carriers in talks with Gol.
Valor Economico said the global airline investments will be part of Gol’s Chapter 11 exit.
The Brazilian airline, which last week announced a memorandum of understanding to explore a merger with local rival Azula, has been in Chapter 11 bankruptcy proceedings since early 2024.
Gol’s potential merger with Azula would create the dominant airline in Brazil’s domestic market, surpassing local unit LATAM Airlines (NYSE: ).
International airlines would be interested in a deal with Gola ahead of a proposed merger with Azula to strengthen their international presence at some of Brazil’s busiest airports, Valor Economico reported.
Gol and Air France-KLM declined to comment on the report. American Airlines said it is aware of Gol’s ongoing restructuring process, noting that it already has a commercial contract with the Brazilian airline.
United Airlines, International Airlines Group and Lufthansa did not immediately respond to requests for comment.
