Day Archives: 15 November 2024

[ad_1] Restructuring Brazilian carrier Gol is hoping to exit Chapter 11 bankruptcy protection by the end of April as it today reported progress in restoring capacity during the third quarter. The updated timeline on completion comes after Gol earlier this month reached a key debt-for-equity agreement with majority shareholder Abra group.  The agreement, secured 10 months after the Brazilian airline entered the formal financial restructuring process, will eliminate up to $2.55 billion in debt from the carrier’s books and see Abra receive around $950 million …