GOL Linhas Aéreas Inteligentes (G3, São Paulo Congonhas) announced on March 24 that it had secured a commitment from investors to provide up to USD1.25 billion in financing as part of a USD1.9 billion exit financing package from its Chapter 11 restructuring.

The financing will be used to repay existing obligations, cover transaction costs, and provide working capital after emerging from bankruptcy, which is expected to take place later this year.

Investment advisers Castlelake and Elliott…

Source: ch aviation
Read more: Brazil’s GOL secures .25bn Chapter 11 financing