Brazil’s GOL Linhas Aéreas is returning to the Venezuelan market after nearly a decade away, with plans to launch flights to Caracas starting March 31.
GOL plans to exit Chapter 11 bankruptcy in May and pledges an improving financial performance as more aircraft return to service after engine maintenance.
GOL's parent Abra Group has agreed to convert $950 million of its secured debt in the Brazilian carrier to equity as it nears exiting bankruptcy protection.
Azul is pushing back on reports of potential bankruptcy considerations, saying it has sources of liquidity and continues to explore combinations with GOL.
Abra Group, the main shareholder of Colombian airline Avianca and Brazilian LCC Gol, has signed a memorandum of understanding for five Airbus A350-900s.
GOL has failed to start the process of considering its Chapter 11 exit financing proposals, after previously stating the evaluations would start in early June.
vBrazilian operator GOL has developed a five-year plan that entails 20% fleet growth from year-end 2023 to 2029 and a return pre-pandemic domestic capacity levels in 2026.
Abra Group, the holding company for airlines Avianca and GOL, has acquired a strategic shareholding in Spanish wet-lease and charter provider Wamos Air.
This week’s Carbon Analysis returns to Latin America and reassesses the emissions of Avianca Group, Azul Brazilian Airlines, GOL Airlines, and LATAM Group.
A selection of 50 new routes starting this month, including new services being launched China Eastern Airlines, Singapore Airlines and GOL Líneas Aéreas.
Brazil's GOL took delivery of five Boeing 737-8s in the 2023 fourth quarter (Q4), its latest earnings release reveals; two more were delivered in Q1 2024.
