The U.S. bankruptcy court approved Gol's Chapter 11 restructuring plan, allowing the airline, part of the Abra Group, to emerge from bankruptcy by June 2024 and receive new aircraft by 2025.

Brazilian carrier Gol secured approval on 20 May of its financial restructuring plan after filing for Chapter 11 bankruptcy ...

Brazilian airline Gol said on Tuesday its restructuring plan under Chapter 11 proceedings was approved by a U.S. court, paving the way for it to exit bankruptcy protection on June 6.

Company to Emerge from United States Chapter 11 Process with Strengthened Competitive Position, Balance Sheet and Operational Performance New US$ 1.9 Billion Exit Financing ...

Stretched fuselage, tight tail-strike margins, and high wing loading force the aircraft to spend more time getting up to ...