Airline Gol Linhas Preparing to Raise Chapter 11 Exit Financing

Gol Linhas Aereas Inteligentes SA said it’s close to resolving major issues in its bankruptcy with key creditors and, in the coming months, intends to raise exit capital to fuel the Brazilian budget airline’s emergence from Chapter 11.

• The company said in a Monday court filing in New York that it intends to complete negotiations on the terms of a restructuring plan and raise Chapter 11 exit financing either through debt or equity
• Gol is asking the bankruptcy judge overseeing its restructuring case to extend through March 20 its exclusive right to file a Chapter 11 plan so that it ...