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Brazilian Airline GOL Files Ch. 11 With Over $1B Debt Load

By Vince Sullivan ( January 25, 2024, 4:25 PM EST) -- Low-cost Brazilian airline GOL Linhas Aereas Inteligentes SA filed for Chapter 11 bankruptcy Thursday in New York, listing between $1 billion and $10 billion in debt and saying it has obtained commitments for $950 million in post-petition financing from existing bondholders to restructure its balance sheet....

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