Azul and Gol Stocks Surge 9.6% and 3.3% as Potential Merger Talks Progress

Brazilian airlines Azul (AZUL4) and Gol (GOLL4) are reportedly close to signing a memorandum to discuss a potential merger, with discussions between Azul and Abra, Gol's controlling entity, progressing. Following this news, shares of Gol surged by 9.6%, while Azul's stock rose by 3.3%. Investors are closely monitoring these developments as both companies explore the possibility of an association, although no formal agreement has been finalized yet. Azul has confirmed that conversations with Abra are ongoing and evolving.