GOL Linhas Aéreas Inteligentes is considering filing for Chapter 11 bankruptcy protection in the United States within the next month, as talks with stakeholders have not been successful.
The Brazilian carrier is in discussions with financial stakeholders to increase its financial flexibility and position itself for long-term success.
GOL operates a fleet of 141 aircraft, primarily consisting of Boeing 737s, and leases most of its planes from 25 lessors. The airline also has additional Boeing 737s on order.
In the third quarter of 2023, GOL recorded a net loss despite record income, citing volatile fuel costs as a challenge. The airline has enlisted Seabury Capital to assist with a review of its capital structure and explore financing options.
