GOL Linhas Aéreas, the Brazilian low-cost carrier, has secured a critical agreement with key creditors that paves the way for its emergence from Chapter 11 bankruptcy protection, likely by June 2025. The agreement includes an additional $125 million in financing, bringing the total raised through the restructuring process to at least $1.37 billion.
Voepass Linhas Aéreas, a regional carrier in Brazil, has officially filed for bankruptcy protection, citing business disruptions stemming from its relationship with LATAM Airlines as a principal factor in its ongoing financial crisis. The filing comes as Voepass reports a total debt burden of approximately US$36.7 million.
GOL Linhas Aéreas Inteligentes, the Brazilian low-cost airline, has indicated that it may delay its planned exit from Chapter 11 bankruptcy proceedings in the United States unless it is able to secure the full $1.9 billion in required funding by May 15, 2025. To date, the airline has successfully secured $1.25 billion in investor commitments, leaving a funding gap…
Silver Airways and its subsidiary Seaborne Virgin Islands have been granted approval to extend the 60-day period under Section 1110 of the U.S. Bankruptcy Code as part of their ongoing Chapter 11 restructuring efforts. This extension allows the carriers to maintain control of their aircraft and essential assets, ensuring operational continuitywhile they restructure financially.
Viva Air Peru, the low-cost carrier that ceased operations in February 2023, has been placed under ordinary bankruptcy proceedings, according to the competition regulator. This development formalizes the airline’s financial collapse, opening the way for creditors to seek repayment.
