GOL Linhas Aéreas Inteligentes (G3, São Paulo Congonhas) has updated its Chapter 11 five-year financial restructuring plan, which foresees fleet growth, an improving financial performance and “strong profitability”, and a capital raise. It adjusts a version it proposed last month.

The plan projects the company’s fleet to grow to 167 aircraft by 2029, from 138 now. It also plots an increase in recurring (adjusted) EBITDA to BRL11.6 billion reais (USD1.92 billion), and the completion of a planned USD330 million equity capital raise…

Source: ch aviation
Read more: Brazil's GOL prioritises fleet growth in five-year plan