Several companies advise on agreement between Gol and Azul
Pinheiro Guimarães and others advised on the transaction which Abra Group, the holding company controlling Gol, and Azul signed a memorandum of understanding (MOU) on January 15, 2025 to explore a potential merger between the two airlines. Pinheiro Guimarães and Wachtell, Lipton, Rosen & Katz LLP advised Abra Group while Cescon Barrieu advised Azul.
The non-binding MoU sets the initial stage of a negotiation process between Abra Group and Azul to explore the feasibility of a potential transaction, which would be subject to the consummation of GOL’s Chapter 11 Plan of Reorganization, as well as other closing conditions and approvals to be negotiated in connection with the potential transaction.
Under the terms of the MoU, should such a transaction be consummated, the two companies would be expected to keep their independent brands and operating certificates.
Representing Abra Group:
Pinheiro Guimarães relied on partners Bruno Lardosa (pictured left), René Brunet and Guilherme Vaz in Rio de Janeiro and partners Marcelo Lamy and Mariana Jost in São Paulo
Wachtell, Lipton, Rosen & Katz relied on partners Adam Emmerich, Victor Goldfeld, Benjamin Arfa and Joshua Holmes, of counsel Richard Mason and Philip Mindlin, and associates Kyle Diamond, Anna Dimitrijević, Alexander Miles and Isaac Hudis in New York
For antitrust matters – Caminati Bueno relied on partners Eduardo Caminati (pictured center-left), Marcio Bueno and André Ferraz, and associate Jessica Gusman in São Paulo. Milbank relied on partner Fiona Schaeffer in New York; Grant Bermann in Washington, DC; and Andrea Hamilton in London
Representing Azul:
Cescon Barrieu relied on partners Cristina Cescon (pictured center-right) and Darkson Galvão in São Paulo and partner Fernanda Montorfano and associates Victor Campinho and Caroline Matos in Rio de Janeiro.
For antitrust matters – Figueiredo & Velloso relied on partner Bruno Droghetti (pictured right) in Brasília and associate Bruna Prado in São Paulo. Davis Polk & Wardwell LLP relied on counsel Mary Marks in New York and associate Ben Isaacs in Brussels.
