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GOL Revises 5-Year Plan Amid Chapter 11 Reorganization

GOL Linhas Aéreas, Brazil’s largest domestic airline, has revealed a revised 5-Year Financial Plan as part of its ongoing Chapter 11 reorganization process. This comprehensive plan outlines key strategies to secure the airline’s financial stability, including fleet growth, debt restructuring, and significant capital raises.

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Abra Group and Azul Sign MOU for Potential Brazil Business Combination

Abra Group (UK) and Azul (Brazil) have signed a non-binding Memorandum of Understanding (MOU) with the intent to explore a potential combination of their business operations in Brazil. The notice of this development was shared with GOL Linhas Aéreas (Brazil), which clarified that it is not a party to the MOU.

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Azul and GOL Merger Discussions Progress

Azul (Brazil) is reportedly on the verge of signing a Memorandum of Understanding (MOU) with Abra Group (UK)in the coming weeks, paving the way for a potential merger with GOL (Brazil). This move could mark a significant shift in Brazil’s aviation market, bringing together two major carriers to create a dominant player in the region.

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BBAM Leases B737-800BCF to GOL for Mercado Libre

BBAM, a leading aircraft leasing company based in the United States, has leased a Boeing 737-800BCF (Boeing Converted Freighter), identified by serial 30696, to GOL (Brazil). This freighter will be used by GOL to support logistics operations for Mercado Libre, one of Brazil’s largest e-commerce platforms.

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GOL Seeks Approval to Amend B737-800 Lease

GOL, a leading Brazilian airline, has filed as a debtor seeking court approval to amend and extend the lease agreement for a Boeing 737-800, identified by serial number 36925. The lease, originally with Eos Aviation 4 (Ireland) as the lessor and managed by Merx Aviation Servicing (Ireland), is undergoing changes to better align with GOL’s operational and financial strategies.

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GOL Files Chapter 11 Plan to Deleverage and Raise Capital

GOL Linhas Aéreas Inteligentes (Brazil) has announced its intention to file a Chapter 11 plan of reorganization, marking a significant step in its financial restructuring efforts. The plan is aimed at deleveraging its balance sheet, extinguishing up to $1.7 billion of prepetition funded debt and $850 million in other obligations, enabling the airline to strengthen its financial foundation.