- Gol Linhas (GOL +1.3%) discloses that it will offer at least $70M for assets of Avianca Brasil and Oceanair Linhas in a deal with Elliott.
- Separately, LATAM Airlines (LTM +1.7%) is participating in a restructuring proposal for Avianca and Oceanair Linhas.
- The restructuring deal also has implications in the market for Azul (AZUL -0.7%).