The company Gol highlights that Chapter 11 is a US legal process used by companies to raise capital, restructure finances and strengthen business operations over the long term, while continuing to operate normally.
This Thursday (25), the airline Gol announced that it is filing a Chapter 11 process in the United States. According to the airline Gol, the objective is to strengthen its financial position and all flights are operating as scheduled and all air tickets and reservations remain in force.
The airline also informed that it is beginning the legal process in the United States, known as “Chapter 11”, with a financing commitment of US$ 950 million in the “debtor in possession” (DIP) modality by members of the Ad Hoc Group of bondholders of the airline holding Abra and other Abra bondholders.
The company highlights that Chapter 11 is a US legal process used by companies to raise capital, restructure finances and strengthen business operations over the long term, while continuing to operate normally.
Tags: Gol, Process, United States
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