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GOL Raises US$2.1 Billion to Refinance Chapter 11 Debt

GOL Linhas Aéreas, one of Brazil’s leading airlines, has successfully raised US$2.1 billion as part of its financial restructuring under Chapter 11 bankruptcy protection in the United States. This capital infusion, announced in mid-June 2025, marks a significant milestone in GOL’s effort to emerge stronger from the turbulence caused by mounting debt and pandemic-era losses.

The funds will be used to refinance existing obligations, ensure liquidity, and support operations as GOL implements its recovery strategy. The new financing package, backed by investors and strategic partners, underscores market confidence in the airline’s long-term viability and its pivotal role in Brazil’s domestic aviation market.

GOL’s leadership expressed optimism, stating that this development reaffirms their commitment to reliable service and competitive fares for millions of passengers across Brazil and beyond. With operations continuing normally, travelers can expect uninterrupted service while the company transitions to a more sustainable financial footing.

This news comes amid broader efforts by Latin American carriers to stabilize post-COVID, and positions GOL to maintain its key role in regional air travel.

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