GOL Linhas Aereas Inteligentes SA ( (GOLLQ) ) has issued an update.
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GOL Linhas Aéreas Inteligentes has entered a significant tax settlement agreement with Brazilian tax authorities to manage its liabilities, estimated at R$ 5.5 billion. This agreement allows for installment payments and potential reductions using tax losses, and is integral to GOL’s ongoing financial restructuring under Chapter 11 proceedings in New York, which aims to convert substantial debt into equity to achieve a sustainable financial structure.
More about GOL Linhas Aereas Inteligentes SA
GOL Linhas Aéreas Inteligentes S.A. is a leading Brazilian airline, part of the Abra Group, known for having the lowest unit cost in Latin America since its inception in 2001. The company offers a wide range of services including partnerships with American Airlines and Air France-KLM, a loyalty program called Smiles, and GOLLOG for cargo transportation. It operates a standardized fleet of 138 Boeing 737 aircraft and employs 13,900 professionals dedicated to safety, GOL’s top priority. Its shares are traded on B3 under the ticker GOLL4.
Average Trading Volume: 17,346
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $86.43M
For an in-depth examination of GOLLQ stock, go to TipRanks’ Stock Analysis page.
