GOL Exits Chapter 11 As Abra Becomes Its Largest Stakeholder

GOL 737-8
Credit: Joe Pries
After more than a year restructuring under Chapter 11 bankruptcy protection, Brazilian operator GOL has exited the process with parent Abra Group now owning a majority of its shares. The company secured $1.9 billion in exit financing, repaid its debtor-in-possession financing and has $900 million in...
Lori Ranson

Lori covers North American and Latin airlines for Aviation Week and is also a Senior Analyst for CAPA - Centre for Aviation.

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