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Bond Market News
Gol In Talks With Global Airlines For Investment – Reports
January 22, 2025
Gol is in talks with major global airlines to seek investments and support its exit from Chapter 11 bankruptcy proceedings in the US. These include United Airlines, American Airlines, Air France-KLM, International Airlines Group, and Lufthansa Group. Last week, Gol had released a 5-year reorganization plan to prepare its exit from Chapter 11. It also recently announced an MOU to explore a merger with local competitor Azul, which would create a dominant domestic airline in Brazil. The international airlines’ interest likely stems from a desire to strengthen their presence at Brazil’s busiest airports ahead of the potential merger. Gol and Air France-KLM declined to comment, while American Airlines acknowledged its awareness of Gol’s restructuring and its existing commercial agreement with the carrier.
Gol’s dollar bonds traded stable with its 8% 2026s at 56.9 cents on the dollar.
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