BRAZILIAN airline Gol expects its exit of Chapter 11 bankruptcy proceedings to involve a us$1.5 billion capital injection through the issuance of new shares and refinancing of $2 billion in debt, it said in a securities filing, reports Reuters. Gol, one of Brazil’s largest carriers, filed for bankruptcy protection in the United States earlier this year after struggling with heavy debt and delayed deliveries from plane maker Boeing. The estimates for it to emerge from the restructuring process...
https://www.seanews.com.tr/gol-airlines-bankruptcy-exit-to-involve-us-1-5b-capital-injection/200466/