Azul and Abra to combine their businesses in Brazil (NYSE:AZUL)


Azul Airlines Airbus A320 prepares to take off from Rio de Janeiro, May 22, 2022, Rio de Janeiro, Brazil.

miglagoa/iStock Editorial via Getty Images

blue (NYSE:BLUE) and Abra, the majority investor in Gol and Avianca, signed an agreement to combine their businesses in Brazil.

The purpose of the business combination is to promote the growth of the Brazilian aviation industry, through more destinations, routes, connectivity and services to consumers, with an increase of



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