Gol, Brazil's largest airline, aims to exit Chapter 11 bankruptcy with a $1.5bn capital raise and $2bn debt refinancing.
Gol, Brazil's largest airline, aims to exit Chapter 11 bankruptcy with a $1.5bn capital raise through new shares and $2bn debt refinancing. Its five-year plan includes fleet expansion and improved operating margins. The airline is considering a merger with rival Azul and plans a competitive process to evaluate exit financing proposals. Gol filed for bankruptcy earlier this year due to heavy debt and Boeing delivery delays.
May 27, 2024
5 Articles