Yes, but only for a parameter value that makes it almost coincide with the standard model. We reconsider the cosmological dynamics of a generalized Chaplygin gas (gCg) which is split into a cold dark matter (CDM) part and a dark energy (DE) component with constant equation of state. This model, which implies a specific interaction between CDM and DE, has a $Lambda$CDM limit and provides the basis for studying deviations from the latter. Including matter and radiation, we use the (modified) CLASS code cite{class} to construct the CMB and matter power spectra in order to search for a gCg-based concordance model that is in agreement with the SNIa data from the JLA sample and with recent Planck data. The results reveal that the gCg parameter $alpha$ is restricted to $|alpha|lesssim 0.05$, i.e., to values very close to the $Lambda$CDM limit $alpha =0$. This excludes, in particular, models in which DE decays linearly with the Hubble rate.