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LatinNews Daily - 2 May 2025
In brief: Brazilian airline Gol reaches new deal with creditors
*Brazilian airline Gol has secured a preliminary agreement with creditors to provide financing support to help the company emerge from bankruptcy. Gol’s latest agreement was made with creditors who hold 8.0% of the company’s senior secured notes which are due in 2026. These creditors have agreed in principle to provide US$125m in exit financing. Last year Gol filed for Chapter 11 bankruptcy protection in the US. It expects to complete its restructuring later this year, aiming to emerge from bankruptcy by the end of June.
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