All GOL articles
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NewsGol files Chapter 11 re-organisation plan with court ahead of vote solicitation
Brazilian budget carrier Gol is filing an initial proposed plan to re-organise under US Chapter 11 protection, following an agreement between the airline, its largest secured creditor Abra Group, and other parties. Filing of the plan, says Gol, implements “significant investment” of new capital and marks an “important milestone” towards ...
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NewsAbra chief sees Avianca and Gol stepping up co-operation
Chief executive of Latin American airline holding group Abra Adrian Neuhauser sees more customer-facing co-operation rolling out between partner carriers Avianca and Gol next year.
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NewsGol aims to complete Chapter 11 restructuring by end April
Restructuring Brazilian carrier Gol is hoping to exit Chapter 11 bankruptcy protection by the end of April as it today reported progress in restoring capacity during the third quarter.
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NewsGol reaches debt-equity deal with Abra Group for Chapter 11 exit plan
Brazil’s Gol and Abra group, the airline’s majority investor, have reached an agreement that will eliminate up to $2.55 billion in debt from the carrier’s books.
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NewsAbra closes acquisition of Wamos Air
Madrid-based Wamos Air has officially joined Abra Group, the parent company of Colombian airline Avianca and Brazil’s Gol, five months after the companies first announced the transaction.
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NewsBrazilian legislature approves R5bn in credits for the country’s airline sector
The Brazilian legislature has passed a bill that will provide R5 billion ($914 million) in credits for its struggling airlines.
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NewsCurrency and capacity pressures push Brazil’s Gol to R3.9bn loss in second quarter
Brazil’s Gol posted a second-quarter loss of R$3.9 billion ($700 million) as an unfavourable exchange rate hit the company’s earnings, and passenger capacity fell, denting revenues.
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NewsAbra signs preliminary deal for five A350s
Avianca and Gol holding company Abra Group has signed a memorandum of understanding for five Airbus A350-900s.
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NewsGol submits five-year financing plan as part of restructuring
Brazilian airline Gol has submitted a five-year financial plan to a US court as part of its bankruptcy proceedings that calls for refinancing $2 billion in debt, an equity raise, and new deals with aircraft lessors.
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NewsBrazil’s Gol and Azul strike codeshare deal for domestic routes
Brazilian carriers Gol and Azul have agreed to connect their networks through a codeshare partnership for domestic flights.
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NewsAzul quiet on Gol speculation
Brazilian carrier Azul would not be drawn in on speculation linking it to a possible move for rival operator Gol, as the carrier today disclosed improved first-quarter results.
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Airline BusinessWhy Brazil’s airlines are welcoming ‘great dialogue’ with government
Brazil’s airlines are continuing to navigate tough market conditions, but there are signs that the government is listening to their concerns and may be about to offer at least $1.2 billion in new credit lines amid rising capital costs in the country.
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NewsGol slips to fourth quarter loss as it works through bankruptcy process
Restructuring Brazilian low-cost carrier Gol swung to a net loss of R1.1 billion ($221 million) in the fourth quarter, the first results it has disclosed since entering bankruptcy protection in January.
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NewsUS court grants Gol ‘key approvals’ to access financing
A US court granted Brazilian low-cost airline Gol “key approvals” to tap a $950 million debtor-in-possession (DIP) financing committed by bondholders of its parent ABRA, giving the airline “immediate access” to the funds.
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NewsBrazil’s Gol files for Chapter 11 bankruptcy protection in US court
Brazilian low-cost carrier Gol has filed for Chapter 11 bankruptcy protection in the USA so it can “address ongoing challenges” posed by the Covid-19 pandemic.
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NewsGol says capital restructuring path still undecided amid Chapter 11 report
Brazilian low-cost carrier Gol has responded to a report linking it to a Chapter 11 filing by stating that it is continuing a review of its capital structure.
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NewsGol revises fleet-growth forecast to reflect slower pace of 737 deliveries
Delays by Boeing in delivering 737 Max have led Brazilian discount airline Gol to significantly par back its fleet expansion plans through 2028, leaving it unable to fully capitalise on increasing demand for air travel.
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NewsAvianca CEO Neuhauser takes new job as CEO of parent Abra Group
Avianca chief executive Adrian Neuhauser will take the helm of Abra Group, which owns Avianca and Brazil’s Gol, in January, while remaining executive vice-chairman of the Colombian carrier’s board of directors.
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NewsBrazil’s Gol posts record third-quarter revenue on ‘strong and steady’ demand
Brazil’s Gol generated record revenue in the third quarter of 2023 as both leisure and corporate travel demand continued to strengthen.
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NewsAir France-KLM renews and deepens partnership with Gol
Air France-KLM and Brazilian carrier Gol have reached agreement to renew their existing co-operation for a further 10 years.