A planned merger between Brazilian airlines Gol and Azul would strengthen the sector and prevent either company from failing, Brazil's ports and airports minister told Reuters, giving the potential move a key government nod.

Gol and Azul propose to maintain separate brands while coordinating their finances, networks and product offerings.

Azul and Gol , two of Brazil's largest airlines, are moving a step closer to a sweeping merger that would create a dominant carrier in Latin America's No. 1 economy, a securities filing showed on Wednesday.

Brazilian carriers Azul and GOL have agreed to enter merger talks in a deal that could create Brazil’s largest airline group.

Airlines signed an agreement that will form a company with 60% market share; Azul's CEO will chair the new group

A plan to merge two of Brazil's top airlines to create a dominant carrier will likely win regulatory approval as a government push for a financially healthy sector outweighs concern about restricted competition,

The merger of Brazilian airlines Gol and Azul, planned by the Brazilian government, has received widespread support, making it a watershed moment for the country’s beleaguered aviation industry. Silvio Costa Filho,