Gol Plans Bankruptcy Exit as Top Lender Abra to Buy Brazilian Airline
Nov 6, 2024 · Gol said it expects to raise as much $1.85 billion in Chapter 11 exit financing which it will use to payoff an existing facility and fund the carrier’s exit from bankruptcy.
GOL & Abra Group Reach Agreement To Clear $2.55 Billion In …
Nov 7, 2024 · GOL Linhas Aéreas Inteligentes (GOL) has announced that it reached an agreement with Abra Group, its parent company, which will convert up to $2.5 billion of debt and obligations into equity as it aims to exit Chapter 11 bankruptcy. Reorganization plan On November 6, GOL, the Brazil-based low-cost carrier that entered into a Chapter 11 bankruptcy protection …
GOL and Abra Enter Plan Support Agreement Including
Nov 6, 2024 · GOL anticipates raising up to US $1.85 billion of new capital in the form of an exit facility to repay GOL's Debtor-in-Possession financing facility (the "DIP Loan") and provide incremental ...
GOL and Abra Enter Plan Support Agreement Including …
Nov 6, 2024 · GOL anticipates raising up to US $1.85 billion of new capital in the form of an exit facility to repay GOL's Debtor-in-Possession financing facility (the "DIP Loan") and provide incremental ...
Brazil's Gol signs deal with Abra for credit to exit Chapter 11
Nov 6, 2024 · Under the agreement, Gol said it plans to raise up to $1.85 billion in new capital in the form of a Chapter 11 exit credit line to pay off debtor-in-possession obligations and provide additional ...
GOL News | GOL Linhas Aéreas
May 18, 2024 · Get news and other useful information about GOL, the destinations we serve, air travel and the aviation industry here.
Brazil's Gol airline says bankruptcy exit to involve $1.5 billion ...
SAO PAULO, May 27 (Reuters) - Brazilian airline Gol (GOLL4.SA) expects its exit of Chapter 11 bankruptcy proceedings to involve a $1.5 billion capital injection through the issuance of new shares...
GOL Announces Important Milestone in Legal Financial …
Jan 29, 2024 · GOL Linhas Aéreas Inteligentes S.A. ("GOL" or "Company") (B3: GOLL4), a leading domestic airline in Brazil, today announced that it has received key approvals from the United States Bankruptcy...
Heavily indebted Brazilian airline Gol files for bankruptcy in US
Jan 26, 2024 · SAO PAULO, Jan 25 (Reuters) - Brazilian airline Gol (GOLL4.SA) on Thursday said it is filing for Chapter 11 bankruptcy protection in the United States, the latest in a series of debt...
Brazilian Airline Gol Sped Up Bankruptcy Plan After News Leaked
Jan 26, 2024 · Gol Linhas Aereas Inteligentes SA filed for bankruptcy protection in the US sooner than it planned after word about the insolvency filing leaked to the media, a lawyer for the low-cost Brazilian...