GOL Linhas Aéreas Inteligentes (G3, São Paulo Congonhas) has enabled up to USD235 million to be released for capital distribution to general unsecured creditors after concluding talks with Boeing as part of its ongoing Chapter 11 bankruptcy process.

The conclusion of the negotiations with the manufacturer represents a new milestone in GOL’s overall restructuring objectives, the company said in a notice to the markets. It aims to emerge from its Chapter 11 reorganisation in 2025.

“Together with…

Source: ch aviation
Read more: Brazil’s GOL unlocks USD235mn after Boeing deal