Brazilian airline Gol's parent business has started negotiations with competitor Azul to "explore opportunities," both airlines stated on Monday. This development comes after prior media reports hinted at a probable merger.

In a securities filing, Azul stated that no new agreements for a business combination with Gol have been signed or finalised. Gol is controlled by Abra Group, a Latin American airline holding firm founded in 2022 to combine Gol and Colombia's Avianca into a single holding corporation co-managed by both airlines' key shareholders.

Gol and Azul's announcement of a codeshare agreement last week fuelled speculation about a merger. This agreement connects their networks and frequent flyer programs, fuelling speculation that Brazilian carriers may merge.

Gol filed for bankruptcy in the United States earlier this year, citing enormous debt obligations and Boeing aircraft delivery delays. Abra Group, Gol's largest secured creditor, is actively participating in the restructuring process. However, any hypothetical deal between Abra Group and Azul "would not be binding for Gol," the airline declared in a Monday securities filing, without providing any further details.

Azul stated in its filing that it is in "independent talks" with the Abra Group.

In addition, Gol announced intentions to launch a competitive procedure in June to consider bids for financing its escape from bankruptcy. Gol stated that this approach will consider "opportunities presented by potential sources of equity and debt capital."

According to measurements from Brazil's aviation authority ANAC, Gol and Azul are the country's second and third-largest airlines in terms of passenger volume. Chile's LATAM is now leading the Brazilian market.

(With inputs from Reuters)

Brazilian airline Gol's parent business has started negotiations with competitor Azul to "explore opportunities," both airlines stated on Monday. This development comes after prior media reports hinted at a probable merger.

Brazilian airline Gol's parent business has started negotiations with competitor Azul to "explore opportunities," both airlines stated on Monday. This development comes after prior media reports hinted at a probable merger. In a securities filing, Azul stated that no new agreements for a business combination with Gol have been signed or finalised. Gol is controlled by Abra Group, a Latin American airline holding firm founded in 2022 to combine Gol and Colombia's Avianca into a single holding corporation co-managed by both airlines' key shareholders. Gol and Azul's announcement of a codeshare agreement last week fuelled speculation about a merger. This agreement connects their networks and frequent flyer programs, fuelling speculation that Brazilian carriers may merge. Gol filed for bankruptcy in the United States earlier this year, citing enormous debt obligations and Boeing aircraft delivery delays. Abra Group, Gol's largest secured creditor, is actively participating in the restructuring process. However, any hypothetical deal between Abra Group and Azul "would not be binding for Gol," the airline declared in a Monday securities filing, without providing any further details. Azul stated in its filing that it is in "independent talks" with the Abra Group. In addition, Gol announced intentions to launch a competitive procedure in June to consider bids for financing its escape from bankruptcy. Gol stated that this approach will consider "opportunities presented by potential sources of equity and debt capital." According to measurements from Brazil's aviation authority ANAC, Gol and Azul are the country's second and third-largest airlines in terms of passenger volume. Chile's LATAM is now leading the Brazilian market. (With inputs from Reuters)

Brazil's Gol Airlines begins talks with rival Azul to explore opportunities

Brazilian airline Gol must cover the cosmetic costs of their female flight attendants and airport staff following a labour court's decision, with a union official saying the ruling could influence other professional sectors.

In the July 29 verdict, reported by local media this week, the court said the firm must "provide, free of charge, to all its female employees, the makeup set provided for in its personal presentation code, as well as pay for cosmetic procedures" including manicures and hair removal.

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Gol's women staff, unlike the men, were contractually obliged to devote part of their income to modifying their appearance, southern state Santa Catarina's labor ministry court said.

In compensation, the airline will have to pay women 220 reais ($42) per month for the expense.

Although the Brazilian labour justice system has issued similar rulings against individual claims, this is believed to be the first class action.

"This decision may influence other professional sectors where women are forced to wear make-up, because if it is upheld by the courts... it will set a precedent", said Clauver Castilho, director of the National Union of Flight Attendants.

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He estimated the class action consisted of "some 4,000 women" -- including flight attendants, crew members and airport workers.

Gol objected during the trial, stating the cosmetic treatments prescribed were only recommendations.

The court affirmed that the airline was guilty of "gender discrimination and a reduction in women's pay" compared to that of men.

The action includes compensation for collective moral damages of 500,000 reais ($94,700).

Gol told AFP that it "does not comment on legal actions".

An appeal filed by the airline after the ruling was considered "inadmissible".

Brazilian airline Gol must cover the cosmetic costs of their female flight attendants and airport staff following a labour court's decision, with a union official saying the ruling could influence other professional sectors.

Brazilian airline Gol must cover the cosmetic costs of their female flight attendants and airport staff following a labour court's decision, with a union official saying the ruling could influence other professional sectors. In the July 29 verdict, reported by local media this week, the court said the firm must "provide, free of charge, to all its female employees, the makeup set provided for in its personal presentation code, as well as pay for cosmetic procedures" including manicures and hair removal. ALSO READ | Texas now passes social media 'de-platforming' law Gol's women staff, unlike the men, were contractually obliged to devote part of their income to modifying their appearance, southern state Santa Catarina's labor ministry court said. In compensation, the airline will have to pay women 220 reais ($42) per month for the expense. Although the Brazilian labour justice system has issued similar rulings against individual claims, this is believed to be the first class action. "This decision may influence other professional sectors where women are forced to wear make-up, because if it is upheld by the courts... it will set a precedent", said Clauver Castilho, director of the National Union of Flight Attendants. ALSO READ | 'Clearly unconstitutional': US Justice Department sues Texas over restrictive abortion law He estimated the class action consisted of "some 4,000 women" -- including flight attendants, crew members and airport workers. Gol objected during the trial, stating the cosmetic treatments prescribed were only recommendations. The court affirmed that the airline was guilty of "gender discrimination and a reduction in women's pay" compared to that of men. The action includes compensation for collective moral damages of 500,000 reais ($94,700). Gol told AFP that it "does not comment on legal actions". An appeal filed by the airline after the ruling was considered "inadmissible".

Brazilian airline ordered to pay for women cabin crew's cosmetic costs

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Brazil's Gol Airlines begins talks with rival Azul to explore opportunities

Brazilian airline ordered to pay for women cabin crew's cosmetic costs