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Gol Linhas Aereas: Bankruptcy Filing in the US

1 min read
Source: Reuters
Gol Linhas Aereas: Bankruptcy Filing in the US
Photo: Reuters
TL;DR

Brazilian airline Gol has filed for Chapter 11 bankruptcy protection in the US, citing a fall in traffic due to COVID-19 and delays in Boeing deliveries. The company, which has about $4.07 billion in gross debt, will receive $950 million in financing from bondholders. Gol's decision follows other Latin American carriers seeking bankruptcy protection amid pandemic-related challenges. The airline aims to address its economic impacts and deleverage, with no plans to reduce operations.

Topics:businessbusiness-aviation#airline-industry#bankruptcy#business-aviation#covid-19#debt-restructuring#gol
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  1. Heavily indebted Brazilian airline Gol files for bankruptcy in US  Reuters
  2. Now Official: GOL Enters Chapter 11 Bankruptcy Proceedings  Simple Flying
  3. Low-Cost Brazilian Airline Gol Files for Bankruptcy in US  Yahoo Finance
  4. Brazil's Gol airlines files for Chapter 11 bankruptcy (NYSE:GOL)  Seeking Alpha
  5. GOL Linhas Aereas Files for Chapter 11 Bankruptcy  Airways Magazine

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