US EditionGOL Emerges From United States Chapter 11 Process as a Stronger, More Competitive Airline
- On Friday, June 6, 2025, GOL Linhas Aéreas completed its U.S. bankruptcy proceedings under Chapter 11, marking the end of the restructuring phase.
- In 2024, the airline sought legal shelter due to substantial debt, losses caused by the pandemic, and delays in aircraft deliveries.
- GOL secured $1.9 billion, repaid its DIP loan, and now aims to expand routes across Brazil and internationally.
- CEO Celso Ferrer stated that the company strengthened its position by streamlining its fleet, cutting expenses, reorganizing its route structure, enhancing operational priorities, and increasing administrative productivity.
- The company anticipates receiving five Boeing 737 MAX aircraft in 2025 and aims to restore its operational capacity to pre-pandemic levels by 2026, while also considering regional jets and continuing merger discussions with Azul.
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LoudounTimes.com
GOL Emerges from United States Chapter 11 Process as a Stronger, More Competitive Airline
SÃO PAULO, June 6, 2025 /PRNewswire/ -- GOL Linhas Aéreas Inteligentes S.A. (B3: GOLL4) ("Company" or "GOL"), a leading Brazilian airline, hereby announces that it has successfully completed the financial restructuring of the Company and its subsidiaries in accordance with…
GOL exits Chapter 11 and signals interest in Embraer jets for regional growth
GOL Linhas Aéreas has officially exited its Chapter 11 bankruptcy process in the U.S., completing the legal procedure… The post GOL exits Chapter 11 and signals interest in Embraer jets for regional growth appeared first on Air Data News.
During the process, Gol raised US$ 1.9 billion and completely eliminated the funding granted through the request for legal recovery.
GOL Linhas Aéreas concluded this Friday (June 6, 2025) its Chapter 11 bankruptcy proceedings in the United States, as reported by this digital newspaper on June 2. GOL filed for Chapter 11 in January 2024. The company raised US$1.9 billion in financing during the judicial process and fully repaid its DIP (Debtor-in-Possession Financing) financing. It now operates with liquidity of approximately US$900 million and reduced leverage of 5.4 times, w…
According to Celso Ferrer, CEO of the Air, the company came out of its more competitive restructuring and has enough box to support its operation and growth
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