GOL Linhas Aéreas Inteligentes (G3, São Paulo Congonhas) has announced plans to go private as part of a corporate reorganisation process, and intends to delist shares from the B3 Brazil Stock Exchange.

As part of its restructuring process, which is still contingent on approvals, including from its shareholders, GOL Investment Brasil S.A. and GOL Linhas Aéreas Inteligentes S.A. will merge into GOL Linhas Aéreas S.A. The latter is not listed and does not intend to.

This merger “aims to reorganise the company’s operations, generate synergies, and reduce costs, GOL outlined in a notice to the markets. The Brazilian carrier emerged from Chapter 11 bankruptcy protection earlier in the year.

The final proposed structure of the company will keep Abra Group as the owner of 80% of New Gol Parent S.A., a Luxembourg-based company, with new minority shareholders holding 20%. In turn, the Luxembourgish subsidiary will be the owner of GOL Linhas Aéreas S.A., which will keep other subsidiaries under its wing. Abra Group is also owner of avianca airlines, Wamos Air, and Chilean start-up NG Servicios Aéreos.

As part of a board-approved process, there will be a public tender offer for the current listed shares of GOL. However, the airline will reserve the right to cancel the offer if its total value reaches or exceeds BRL47.25 million reais (USD8.7 million).

The company scheduled an extraordinary general meeting and a meeting of preferred shareholders to deliberate on this corporate merger on November 4, 2025.

ch-aviation data shows GOL’s fleet comprises 142 aircraft including twelve B737-700s, sixty-two B737-800s, fifty-eight B737-8s, and nine B737-800(BCF)s.