Brazilian Market Shifts Amid Consolidation, Restructuring
GOL filed for Chapter 11 bankruptcy protection in January as it struggled with high debt.
Credit: Joe Pries
Airlines across Latin America have worked in various ways to position themselves favorably as air traffic returns to 2019 levels, which has resulted in some consolidation in the region. In May 2022 Colombia-based Avianca and Brazilian carrier GOL decided to band together and form the Abra Group...
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