GOL May Postpone U.S. Bankruptcy Exit Without Full Funding

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 of approximately $650 million.