A US bankruptcy court has approved a new agreement between GOL Linhas Aereas and Boeing,
This new deal with Boeing, along with a separate tax settlement, allows GOL to distribute at least $235 million to its general unsecured creditors, with the potential for more depending on other negotiations.
The airline currently has 91 737 MAX aircraft on order with the manufacturer.
Airline Economics has approached both GOL and Boeing for comment
As part of its court-approved restructuring plan, GOL plans to cut its debt significantly by either converting or cancelling up to $1.7bn in funded debt and $850 million in other obligations.
GOL entered into an exit financing commitment with certain investors, the Brazilian airline said on March 24, 2025. The investors were not disclosed in the filing.
The commitment parties have committed to purchase up to $1.25bn of the $1.9bn in debt instruments to be issued as part of its chapter 11 proceedings and will be used to repay obligations under a debtor-in-possession (DIP) financing.