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Gol plans to expand its fleet and add new routes after exiting Chapter 11.

Celso Ferrer, the Chief executive officer of Brazilian airline Gol, said that the company had officially exited bankruptcy proceedings in the United States, paving the way for new routes and flights within Brazil as well as to other countries.

Gol, the Brazilian airline after Latam, filed for Chapter 11 bankruptcy in the United States in 2024. The sector was struggling with heavy debts, a sharp decline in passenger numbers due to the COVID-19 Pandemic and delays in aircraft deliveries. Azul, Gol's competitor, filed for Chapter 11 bankruptcy protection in the United States last month.

Ferrer stated that despite Azul's financial troubles, discussions over a possible partnership between the airline and Gol continue. A final deal will only be made if the partnership adds value, either through new routes or increased growth. "If it's better," he said.

Abra Group is managing the discussions regarding the business merger, which was formalized by a memorandum last January. Abra Group is the majority shareholder in Colombia's Avianca and Gol. Luciana Magnalhaes, Luciana Andreoni and Manuela Andreoni contributed to this report.

(source: Reuters)