Brazilian carrier Gol has not issued a formal comment regarding reports that the country's competition regulator CADE intends to suspend Gol's proposed acquisition of WestJet.
Reports first emerged in 14 July that CADE intended to suspend the acquisition over concerns about dampening competition in the Brazilian domestic sector.
At that time Gol stated it had not received formal notification from CADE regarding any possible suspension. "The company would like to note that Gol and WebJet have only just signed a memorandum of understanding which will be followed by a purchase agreement".
On 18 July reports emerged again that CADE had suspended the acquisition. But no formal statement from CADE is available, and Gol has declined to comment beyond what has already been disclosed to investors, which is the announced MOU for the WebJet purchase.