GOL Linhas Aéreas Inteligentes (G3, São Paulo Congonhas) has announced its new Chapter 11 five-year financial plan, which includes exit financing process of over USD3.5 billion, the issuance of new shares, and the uninterrupted delivery of new B737 MAX aircraft during the restructuring process.

The airline’s financing will involve the offering of new shares in a capital raise of around USD1.5 billion. Additionally, GOL will refinance an estimated USD2 billion worth of secured debt obligations over a long-term basis, it outlined…

Source: ch aviation
Read more: Brazil’s GOL announces five-year Chapter 11 financial plan