(RTTNews) - GOL Linhas Aereas Inteligentes S.A. said that it will file an initial proposed Chapter 11 plan of reorganization with the U.S. Bankruptcy Court.
The significant step follows the previously announced Plan Support Agreement announced on November 6, 2024 between GOL, Abra Group Limited, the largest secured creditor of GOL and the majority investor of GOL, and certain of their affiliates and the committee of unsecured creditors appointed in GOL's Chapter 11 cases.
GOL intends to raise up to US$1.85 billion of new capital to provide incremental liquidity to support the execution of its growth strategy following emergence, of which up to US$330 million may be in the form of new equity financing from third-party investors.
GOL will assume its restructured aircraft leases in accordance with agreements with its lessors that have already been negotiated and agreed.
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