Gol Linhas announces U.S. court approval for plan of reorganization
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 20 2025
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Should l Buy ?
GOL's Chapter 11 Confirmation: GOL Linhas Aereas Inteligentes has received confirmation from the U.S. Bankruptcy Court for its Chapter 11 Plan of Reorganization, allowing it to proceed with restructuring and aiming to exit by early June 2025.
Debt Reduction and Shareholder Impact: The plan includes a significant reduction of up to $1.6 billion in funded debt and $850 million in other obligations, which will likely lead to substantial dilution of existing shares, while Abra will remain the largest indirect shareholder.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
