GOL Airlines Plans Privatization and Stock Market Exit

Brazil’s GOL Linhas Aéreas Inteligentes has announced plans to go private and delist from the B3 Brazil Stock Exchange as part of a corporate restructuring aimed at cutting costs and improving efficiency. The move follows the airline’s emergence from Chapter 11 bankruptcy earlier this year and marks a significant step in its ongoing reorganization strategy.

Under the proposed plan, GOL Investment Brasil S.A. and GOL Linhas Aéreas Inteligentes S.A. will merge into GOL Linhas Aéreas S.A., a privately held entity that does not intend to list its shares. The company said the merger aims to streamline operations, generate synergies, and enhance financial performance.

Following the merger, Abra Group will maintain an 80% ownership stake in the new parent company, New GOL Parent S.A., based in Luxembourg, while minority shareholders will hold the remaining 20%. New GOL Parent will continue to own GOL Linhas Aéreas S.A. and its subsidiaries. Abra Group also owns Avianca, Wamos Air, and Chilean start-up NG Servicios Aéreos.

As part of the transition, GOL will launch a public tender offer for its currently listed shares but reserves the right to cancel the offer if it reaches or exceeds BRL 47.25 million (USD 8.7 million). The airline has scheduled an extraordinary general meeting and a preferred shareholders’ meeting for November 4, 2025, to vote on the merger.

According to fleet data, GOL currently operates 142 aircraft, including Boeing 737-700, 737-800, and 737 MAX 8 jets.

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Sources: AirGuide Business airguide.info, bing.com, ch-aviation.com