Brazil’s GOL considering Chapter 11 bankruptcy
Brazilian airline GOL is considering filing for Chapter 11 bankruptcy in the United States within the next month, newspaper Folha de Sao Paulo reported on Sunday, citing sources familiar with the matter.
→ GOL to operate direct flights to Bogota from Sao Paulo and Buenos Aires in 2024
“Gol is in discussions with its financial stakeholders about several options that would provide it with greater financial flexibility, including additional capital to finance operations,” the airline told Reuters.
GOL has been struggling with high debt and last month hired Seabury Capital to assist it in a capital structure review that included addressing liability management, financial transactions and “other measures” to enhance its liquidity.
Related Topics
Hawaiian Airlines to Retire Boeing 717s and Introduce Boeing 737-800 Fleet for Inter-Island Operations
Air India Selects New York JFK’s Terminal 6 for Operations Starting in 2028
JetBlue Awarded Spirit Airlines Slots at New York’s LaGuardia Airport
Avianca Expands International Network with New Flights to Fort Lauderdale from Barranquilla and Cali
Plataforma Informativa de Aviación Comercial con 13 años de trayectoria.