Reported 4 months ago
Brazil's GOL Linhas Aéreas Inteligentes, which filed for Chapter 11 bankruptcy earlier in 2024, has revealed a five-year plan aimed at emerging from bankruptcy and maintaining long-term operations. The airline secured $1.5 billion in capital through new shares and debt refinancing, with plans to increase its fleet and return to pre-pandemic capacity by 2026. While GOL's stock dropped initially and faces uncertainties, the airline is optimistic about its restructuring efforts and operational continuity amid financial challenges.
Source: YAHOO