GOL Linhas Aéreas Inteligentes (G3, Sao Paulo Congonhas) faces significant near-term liabilities coming due in the next 12 months worth USD2.7 billion, the airline confirmed in a presentation during the first-day hearing of its Chapter 11 process in the United States Bankruptcy Court of the Southern District of New York.
These are the Brazilian carrier’s main obligations coming due in the next 12 months:
- Air Traffic Liabilities worth USD647 million;
- Suppliers worth USD413 million;
- GOL’s loyalty…
Source: ch aviation
Read more: Brazil’s GOL faces .7bn in debt in 2024