A US bankruptcy court has approved the restructuring plan of GOL Linhas Aéreas Inteligentes (G3, São Paulo Congonhas), paving the way for the airline’s exit from Chapter 11 restructuring by early June 2025.
The approval was issued on May 20, shortly after the airline struck a final deal to secure USD1.9 billion in exit financing. The financing includes USD1.25 billion from Castlelake and Elliott Investment Management, which will be used to repay the USD1 billion debtor-in-possession financing from…
Source: ch aviation
Read more: Brazil's GOL secures approval for Chapter 11 plan