Brazilian airlines Azul and Gol announced the signing of a memorandum of intent to finalize a fusionwith which they would form one of the largest companies in Latin America.

As published by Xinhua Agency, both companies made the announcement in a statement issued to the market after the closing of the company’s operations. Sao Paulo Stock Exchange (Bovespa). «The improvements in the offer to clients and the efficiencies generated by this operation will allow the resulting entity to continue growing and developing aviation in Brazilthrough a network that serves the largest number of destinations in Brazil, supported by a flexible fleet and focused on service excellence,» says Azul’s statement.

If the merger is approved, the first aviation company in Brazil would be createdwith 60 percent of the…