GOL Linhas Aereas Inteligentes SA (GOLLQ) has released an update.
GOL Linhas Aéreas Inteligentes S.A. has announced a Plan Support Agreement with Abra Group and its creditors to reorganize under Chapter 11, aiming to significantly reduce its debt by converting up to $2.55 billion into equity and other obligations. The agreement includes raising up to $1.85 billion in new capital to strengthen its liquidity and support its growth strategy. This move positions GOL to emerge with a stronger financial foundation and capitalize on synergies with partners like Avianca.
For further insights into GOLLQ stock, check out TipRanks’ Stock Analysis page.
Trending Articles
- Phillip Securities Analyst Lifts Meta Price Target on Solid AI Potential
- Insider Trade: Carvana CFO Accumulates Shares Worth $37.7M
- 3 Penny Stocks to Watch Now, 11/7/24
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
