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Abra Group, majority investor of Avianca and with participation in GOAL, and Blue They have signed a memorandum of understanding not binding on the objective of exploring possible synergies in their operations in Brazil.
This exploration focuses on the possibility of improving connectivity throughout the country through the expansion of domestic flights, regional and international, as well as improving competitiveness, products and services, and the strengthening of Brazil's connections with the rest of the world. It is important to note that goal is not part of this MDE.
Open Group (GOAL) and blue sign memorandum
In the statement shared by Open, The company recognizes that goal and blue networks and fleets, present significant complementarities in a large proportion of their routes, operating aircraft of different sizes and serving different destinations. It is anticipated that a possible collaboration could generate efficiencies and cost reductions, which would potentially benefit consumers. In the event of any form of collaboration, It is expected that the companies would maintain their independent brands and operating certificates, serving a wide network of destinations in Brazil and internationally, with network and connectivity expansion plans.
A representative of Abra Group He commented that this exploration is part of the group's strategy to strengthen the Brazilian market and increase its presence in the country., enhancing its global network. in addition, reaffirmed Abra Group's continued support for the management of Gol and its restructuring process under Chapter 11, showing optimism about their future perspectives as an independent entity.
A fundamental principle has been agreed to ensure adequate capitalization, seeking that any form of collaboration results in net leverage of the combined entity comparable to or better than the net leverage of Gol at the time of the transaction, once your reorganization plan is completed.
It is crucial to emphasize that the closing of any transaction is subject to the negotiation of economic terms between Abra Group and blue, satisfactory completion of due diligence, The firm of final agreements, obtaining corporate and regulatory approvals (including Brazilian antitrust authorities), Compliance with the usual closure conditions, the consummation of the Chapter's reorganization plan 11 of Gol and the receipt by Abra of the corresponding consideration.
The announced MoU represents an initial stage of a negotiation process to explore the viability of a possible transaction. Therefore, The strategy, conducting the business and operations of Abra Group and of Gol they do not change as a result of its execution.
We will keep reporting.
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