NEWSMar 06, 2024Azul Working With Investment Banks in Potential Takeover of Bankrupt Rival GolAzul Linhas Aéreas (Azul) is contemplating a takeover of Gol Linhas Aéreas Inteligentes (Gol) after Gol filed for bankruptcy in January. Both Brazilian-based budget carriers have experienced difficult economic setbacks since the initial outbreak of the COVID-19 pandemic. Read More →
NEWSJan 28, 2024Embattled Brazilian Low-Cost Carrier GOL Files for Chapter 11 BankruptcyGol Linhas Aereas Inteligentes SA (GOL), Brazil's largest low-cost carrier, filed for Chapter 11 bankruptcy protection in the U.S. on January 25. Although many industry analysts already expected GOL to file for bankruptcy, the move highlights airlines' enduring challenges due to the COVID-19 pandemic and broader economic uncertainties.Read More →
NEWSJan 19, 2024Financial Issues May Force Brazil's GOL to File for BankruptcyThe aviation industry can be difficult for airlines to survive since many carriers operate with razor-thin profit margins in a delicate balance between operating loss and operative revenue. The results can be disastrous when this balance between operating costs and revenue (profit/income) is disturbed. The latest airline to experience this problem is the Brazilian low-cost carrier GOL Linhas Aéreas Inteligentes (GOL). The 22-year-old airline is reportedly considering filing for Chapter 11 bankruptcy protection. Read More →
