Brazilian airlines Azul and Gol announced Wednesday after trading closed on the São Paulo Stock Exchange (Bovespa) that they had signed a memorandum of intent to finalize a merger whereby one of the ...

In 2024, Gol became the second Brazilian airline, after Latam in 2020, to seek Chapter 11 bankruptcy protection in the United States as the sector grappled with debt burdens, a steep decline in ...

SAO PAULO (Reuters) -Brazilian airline Gol released a revised five-year strategic plan on Wednesday as it prepares to exit Chapter 11 bankruptcy proceedings, saying the new forecasts would serve as a ...

Brazil’s Gol and its majority investor, Abra Group, have reached agreement on a debt-for-equity deal to support the carrier’s exit from Chapter 11 bankruptcy protection. The agreement, which comes ten ...

Restructuring Brazilian low-cost carrier Gol swung to a net loss of R1.1 billion ($221 million) in the fourth quarter, the first results it has disclosed since entering bankruptcy protection in ...

The controlling shareholder of Gol Linhas Aereas Inteligentes SA has started talks with Azul SA for a possible deal between the airlines. Holding company Abra Group Ltd seeks to “explore opportunities ...

Brazilian discount carrier Gol has filed for Chapter 11 bankruptcy restructuring. The airline will continue full operations during the restructuring process and says that customer service will not be ...

Brazilian low-cost, low-fare carrier Gol received approval from Brazil's National Civil Aviation Agency April 4 to complete its acquisition of Varig for approximately $275 million in a cash and stock ...

Gol Linhas Aereas Inteligentes SA, a Brazilian airline, secured commitments for $1.9 billion to fund its exit from Chapter 11, according to a filing , one week after announcing a capital increase. The ...

The Gol was one of Volkswagen's best-selling vehicle in Brazil for several years. It is ironic that it decided to end its career precisely during FIFA’s World Cup. While you may think that you could ...