Avianca, a Colombian airline, agreed to merge with GOL, a Brazilian low-cost airline. Financial terms are not disclosed. "Our vision is to create an airline group that tackles 21st century issues and improves air travel for our customers, employees, and partners as well as the communities in which we operate. Our customers will benefit from access to even better fares, more destinations, more frequent flights and seamless connections, and the ability to earn and use points across the brands’ loyalty programs. They will also be able to enjoy enhanced travel benefits and access to superior products and services," Roberto Kriete, Avianca Chairman.