LatinNews Daily - 25 March 2025

*Brazilian airline Gol, which filed for Chapter 11 bankruptcy last year, has announced that it has reached an agreement with investors who have committed to purchase US$1.25bn in debt instruments. This exit financing commitment is part of a broader restructuring plan and will help cover a large portion of Gol’s debt instruments, which total US$1.9bn, as well as help the airline to continue operations. Gol’s efforts to recover from bankruptcy come amid negotiations for a merger with Azul, another major national airline. If the merger comes to fruition, a new airline would be created that would hold a 60% market share in Brazil’s domestic air travel sector.

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