GOL Linhas Aéreas to Restructure Debt with Abra Group

GOL Linhas Aereas Inteligentes SA (GOLLQ) has released an update.

GOL Linhas Aéreas Inteligentes S.A. has announced a Plan Support Agreement with Abra Group and its creditors to reorganize under Chapter 11, aiming to significantly reduce its debt by converting up to $2.55 billion into equity and other obligations. The agreement includes raising up to $1.85 billion in new capital to strengthen its liquidity and support its growth strategy. This move positions GOL to emerge with a stronger financial foundation and capitalize on synergies with partners like Avianca.

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