Brazil Airlines

Report of Qatar Airways in Talks to Acquire Brazil’s GOL Airlines

Gol Linhas Aereas Inteligentes SA (GOLL4) jumped the most in a year after a report that it’s in talks with Qatar Airways Ltd. added to speculation the Brazilian carrier is planning an asset sale or merger to lower the industry’s highest debt levels.

Shares gained 6.5 percent to 9.99 reais at 2:49 p.m. in Sao Paulo, after earlier rising as much as 12 percent in the steepest intraday advance since August 2011. The benchmark Bovespa index added 0.7 percent.

Gol’s directors met with executives of Qatar Airways on Sept. 4, Veja reported on its Radar On-Line column, without saying where it got the information. The Brazilian carrier’s press office denied the company is in talks with Qatar to sell the business. A Qatar Airways spokesman declined to comment when contacted by Bloomberg News.

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