Brazil’s Gol Airlines secures new financing to support Chapter 11 exit

Gol Announces Deal to Exit U.S. Bankruptcy, Reshaping Its Future

Gol Linhas Aéreas, a major Brazilian airline, announced on May 1, 2025, that it reached a preliminary agreement with a group of creditors to secure its exit from Chapter 11 bankruptcy in the United States. The company disclosed this step in a filing with Brazil’s securities regulator, marking a crucial moment in its ongoing financial […]

Brazil’s Gol Airlines secures new financing to support Chapter 11 exit

By Luciana Magalhaes SAO PAULO (Reuters) – Brazilian airline Gol on Thursday announced that it has struck a new deal with key creditors, paving the way for the company to emerge from Chapter 11 bankruptcy protection likely by the end of June. The agreement, which involves investors holding a portion of the airline’s senior secured notes due in 2026, will provide $125 million in financing, according to a regulatory filing. With the new developmen…

The Gol announced, on Thursday, 1th, the signing of an agreement with an important group of creditors. They committed to acquiring US$ 125 million in new securities issued by the company. The initiative is part of the company's plan to close the judicial recovery process in the United States (Chapter 11). This group holds 8% of the senior notes guaranteed with victory in 2026 issued by Gol Finance in Luxembourg. According to the market, the agre…

GOL Reaches Agreement with Creditors and Moves Closer to Exiting Chapter 11

GOL Linhas Aéreas announced on Thursday that it has reached an agreement with a majority group of international… The post GOL Reaches Agreement with Creditors and Moves Closer to Exiting Chapter 11 appeared first on Air Data News.

The airline Gol announced this Thursday that it has reached a new agreement with a relevant group of creditors, paving the way for exiting judicial reorganization in the United States probably by the end of June. Read More EWZ falls slightly in the USA, but Vale and Petrobras ADRs rise London Stock Exchange closes stable with holidays in other parts of Europe The United States PMI measured by the Chicago ISM drops to 44.6 in April The agreem…

GOL Airlines secures $1.375 billion in exit financing

Brazilian carrier GOL Linhas Aéreas Inteligentes S.A. has reached a key agreement with major creditors, securing $1.375 billion in exit financing as it moves toward emerging from Chapter 11 bankruptcy protection. In a statement released Tuesday, the airline announced it had reached an agreement in principle with an ad hoc group of holders of its 8.00% Senior Secured Notes due 2026. The settlement resolves a dispute over creditor compensation und…