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 Court for the Southern District of New York (the "U.S. Court") in the Company's legal financial restructuring initiated on January 25, 2024. The approvals granted by the U.S. Court at the "First Day" hearing ensure that GOL will continue operating in the normal course during the process, as previously comm

(Bloomberg) -- Brazilian airline Gol’s fall into Chapter 11 restructuring caps off a spectacular run of failures for Latin American carriers, showing the industry is still struggling with the pandemic’s lingering financial impact years after the virus virtually disappeared from everyday life. Most Read from BloombergPutin Sends US Signal on Ukraine Talks, Seeing War AdvantageOne of World’s Richest Doctors Sees Fortune Surge to $12 BillionFed’s Preferred Inflation Gauge Cools on Robust SpendingUN

(Bloomberg) -- Gol Linhas Aereas Inteligentes SA filed for bankruptcy, capping the Brazilian airline’s ill-fated efforts to bounce back from the Covid-19 pandemic.Most Read from BloombergPutin Sends US Signal on Ukraine Talks, Seeing War AdvantageUS Extends Lead Over China in Race for World’s Biggest EconomyTesla Sinks After Warning About ‘Notably Lower’ Growth RateJPMorgan Shuffles Top Managers as Jamie Dimon Prepares SuccessorsThe low-cost carrier filed for Chapter 11 bankruptcy protection on

GOL Linhas Aéreas Inteligentes S.A. ("GOL" or "Company") (B3: GOLL4, NYSE: GOL), today announced that GOL and its subsidiaries have voluntarily filed for Chapter 11 in the United States Bankruptcy Court for the Southern District of New York (the "U.S. Court"). Chapter 11 is a U.S. legal process that businesses use to raise capital, restructure their finances and strengthen their business operations for the long term, while continuing to operate as normal.

(Bloomberg) -- Gol Linhas Aereas Inteligentes SA is seeking around $950 million to fund itself in bankruptcy, according to people with knowledge of the matter. Most Read from BloombergMusk Fails to Convince Tesla Investors to Overlook SlowdownBoeing Growth Plans Set Back as Regulator Blocks Higher OutputRussia Says Ukraine Downed Plane Carrying Prisoners for SwapHow Yemen’s Houthi Attacks Are Hurting the Global Supply ChainThe Brazilian low-cost airline is in discussions with creditors to raise

* Brazil's Gol down on report of potential Chapter 11 filing * Nigeria's inflation rate jumps to 27-year high * Latin American currencies down 0.2%, stocks off 0.1% (Updated at 2:30 p.m. ET/ 1930 GMT) By Amruta Khandekar and Shashwat Chauhan Jan 15 (Reuters) - Latin American stocks and currencies slipped on Monday, with the Brazilian real leading losses amid a drop in iron ore prices, though trading activity was muted in the absence of U.S. market participants due to a public holiday. M...

* Brazil's Gol tanks on report of potential bankruptcy * Nigeria's inflation jumps to 27-year high * Latam FX down 0.4%, stocks off 0.6% By Amruta Khandekar Jan 15 (Reuters) - Latin American stocks and currencies underperformed emerging market peers on Monday, with assets in Brazil weighed down by a drop in iron ore prices as well as declines in airline stocks after a report on a potential bankruptcy. MSCI's index for Latin American currencies fell 0.4% against a firmer dollar following ...

(Bloomberg) -- The parent company of Brazil’s Gol Linhas Aereas Inteligentes SA and Colombia’s Avianca is meeting creditors to kickstart negotiations in a bid to fix its balance sheet. Most Read from BloombergAmazon’s Twitch to Cut 500 Employees, About 35% of StaffSEC Says FBI Is Investigating Compromise of Agency’s X AccountBoeing CEO Fights Back Tears and Admits ‘Our Mistake’ in 737 AddressThe Bond Market Rally Is Overlooking a Soaring $2 Trillion Debt ProblemAbra Group Ltd will host talks wit

(Bloomberg) -- Brazil’s development bank is considering granting loans to the country’s airlines as part of a government plan aimed at alleviating financial pressures at Gol Linhas Aereas Inteligentes SA, Azul SA and other carriers that have caused sharp increases in fares.Most Read from BloombergAmazon’s Twitch to Cut 500 Employees, About 35% of StaffSEC Says FBI Is Investigating Compromise of Agency’s X AccountBoeing CEO Fights Back Tears and Admits ‘Our Mistake’ in 737 AddressThe Bond Market

Gol Linhas (GOL) benefits from the continued recovery in air-travel demand.