FILE PHOTO: Gol and Azul airlines planes are pictured at Luis Eduardo Magalhaes International Airport in Salvador, Brazil, February 3, 2025. REUTERS/Ueslei Marcelino/File Photo

MEXICO CITY (Reuters) -Airline Gol said on Thursday that its controlling shareholder, Abra Group, has notified peer Azul of its decision to end talks for a potential business combination between the two Brazilian carriers.

"The parties have not meaningfully discussed or progressed a possible business combination transaction for several months as a result of Azul’s focus on its Chapter 11," Abra told Azul in a letter, according to a Gol securities filing.

(Reporting by Gabriel Araujo; Writing by Brendan O'Boyle; Editing by Jacqueline Wong)