Gol Linhas Aereas: Bankruptcy Filing in the US
TL;DR Summary
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.
- Heavily indebted Brazilian airline Gol files for bankruptcy in US Reuters
- Now Official: GOL Enters Chapter 11 Bankruptcy Proceedings Simple Flying
- Low-Cost Brazilian Airline Gol Files for Bankruptcy in US Yahoo Finance
- Brazil's Gol airlines files for Chapter 11 bankruptcy (NYSE:GOL) Seeking Alpha
- GOL Linhas Aereas Files for Chapter 11 Bankruptcy Airways Magazine
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
3 min
vs 3 min read
Condensed
87%
579 → 73 words
Want the full story? Read the original article
Read on Reuters