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Gol secures $1.9bn in exit financing near end of bankruptcy process


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  Brazilian carrier Gol has secured $1.9 billion in exit financing as it seeks to emerge soon from Chapter 11 restructuring.

Gol, a Brazilian airline, has secured $1.9 billion in exit financing as it nears the end of its bankruptcy process, which began in January 2024. The financing package includes $1.5 billion in new long-term debt and a $450 million equity rights offering, aimed at strengthening the airline's balance sheet and supporting its long-term growth strategy. The funds will be used to pay off existing debts and invest in fleet modernization and expansion. Gol's CEO, Celso Ferrer, stated that this financing marks a significant milestone in the company's restructuring, positioning Gol for a strong recovery and future growth in the competitive Latin American aviation market.

Read the Full Flightglobal Article at:
[ https://www.flightglobal.com/strategy/gol-secures-19bn-in-exit-financing-near-end-of-bankruptcy-process/163012.article ]

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