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GOL Linhas Aereas Inteligentes SA ( (GOLLQ) ) has provided an announcement.
On January 14, 2025, GOL Linhas Aéreas Inteligentes S.A. announced a revised five-year financial plan that supports its standalone legal reorganization under Chapter 11. The plan aims to strengthen the company’s operational and financial performance, projecting an expanded fleet and improved leverage ratios by 2029. It includes debt-to-equity conversion, a capital raise, and new debt financing, targeting improved liquidity and reduced leverage. The plan’s implementation is contingent on court approval of the reorganization plan filed on December 9, 2024, and is expected to significantly dilute existing shares, impacting shareholders’ equity.
More about GOL Linhas Aereas Inteligentes SA
GOL Linhas Aéreas Inteligentes S.A. is a prominent domestic airline in Brazil, known for having the lowest unit cost in Latin America. Founded in 2001, GOL is part of the Abra Group and has strategic alliances with American Airlines and Air France-KLM, enhancing its connectivity through over 60 codeshare and interline agreements. The company operates a fleet of 138 Boeing 737 aircraft and offers the Smiles loyalty program and GOLLOG cargo services.
YTD Price Performance: 20.91%
Average Trading Volume: 27,929
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $112.8M
Find detailed analytics on GOLLQ stock on TipRanks’ Stock Analysis page.
