Brazilian Airline GOL Files Ch. 11 With Over $1B Debt Load

By Vince Sullivan · January 25, 2024, 4:25 PM EST

Low-cost Brazilian airline GOL Linhas Aereas Inteligentes SA filed for Chapter 11 bankruptcy Thursday in New York, listing between $1 billion and $10 billion in debt and saying it has obtained...

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Bankruptcy Scorecard

Summary

Brazilian budget airline GOL Linhas filed for Chapter 11, saying it plans to use DIP financing to maintain operations while it restructures its balance sheets and improves its liquidity.

Case Number

24-bk-10118

Judge

Martin Glenn

Venue

U.S. Bankruptcy Court for the Southern District of New York

Capital Structure

Total Liabilities:

$8.3 billion

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