GOL Linhas Aereas Inteligentes S.A.

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Case overview

Case Number:

1:24-bk-10118

Court:

New York Southern

Nature of Suit:

Firms

Companies

Sectors & Industries:

February 27, 2025
US Trustee, Creditors Blast GOL Linhas' Plan Disclosure

GOL Linhas noteholders and the U.S. Trustee's Office are asking a New York bankruptcy judge to reject the Brazilian airline's Chapter 11 plan disclosures, saying they lack information on items ranging from claims releases to the company's post-bankruptcy equity value.
January 31, 2025
Under The Radar: Bankruptcy News You May Have Missed

Lenders for Tupperware said the company's Chapter 11 case does not need a committee to represent retired workers, the U.S. Trustee's Office opposed third-party releases in a pair of Chapter 11 cases and hardware retailer True Value wants more time to pursue its Chapter 11 plan.
January 24, 2025
Under The Radar: Bankruptcy News You May Have Missed

The daughter of bankrupt Chinese exile Miles Guo is fighting a contempt bid brought by the Chapter 11 trustee of her father's estate. Brazilian airline Gol Linhas and Spirit Airlines are seeking to implement third-party releases in their respective Chapter 11 plans. And bankrupt financial technology company Synapse appears to be the subject of a grand jury investigation.
December 16, 2024
Judge Kills Infowars Sale, BigLaw Firms Duck Suit

A Texas court blocked an attempt from satirical news outlet The Onion to buy conspiracy theorist Alex Jones' radio show, and a racketeering suit against Jackson Walker LLP and Kirkland & Ellis LLP over allegations they profited from former bankruptcy Judge David R. Jones' romantic relationship with a member of the bankruptcy bar was dismissed.
December 12, 2024
Brazilian Airline GOL Files Ch. 11 Plan To Cut $2.5B Debt

Low-cost Brazilian airline GOL Linhas has revealed a proposed Chapter 11 plan after reaching a global settlement with creditors, major investor Abra Group Limited and other stakeholders that would extinguish $2.5 billion in debt before its January confirmation hearing.
December 09, 2024
NY Diocese Plan Confirmed, Bankruptcy Bills Reintroduced

A diocese covering 132 Roman Catholic parishes on New York's Long Island has secured confirmation of its Chapter 11 plan in a case it started four years ago. An Oregon federal judge has ruled that memos tied to an ethics scandal in the Southern District of Texas' bankruptcy court aren't shielded by attorney-client privilege. And members of the U.S. Senate have renewed legislation to ban the controversial "Texas two-step" bankruptcy maneuver and add protections for rank-and-file workers impacted by corporate insolvencies.
December 02, 2024
Airline GOL Linhas' Ch. 11 Deal Cuts Debt To Brazil By $750M

Low-cost Brazilian airline GOL Linhas has reached a settlement that will cut the amount of taxes and fees it owes to government agencies in Brazil by about $750 million, as it seeks to restructure in Chapter 11.
October 25, 2024
Under The Radar: Bankruptcy News You May Have Missed

Brazilian airline GOL Linhas wants five more months to file a Chapter 11 plan, the U.S. trustee in Texas is champing at the bit to obtain documents from Jackson Walker LLP in connection with an investigation into ex-Judge David R. Jones, and talc claimants want another shot at moving the bankruptcy of a Johnson & Johnson unit out of Texas, the home of the divisional merger.
October 25, 2024
Airline Holding Co. Nabs $1.25B Refinancing For GOL Ch. 11

Abra Group Limited, the holding company for Avianca and GOL Linhas Aéreas Inteligentes airlines, announced it has closed $1.25 billion in refinancing transactions that will help resolve the financial defaults related to GOL's Chapter 11 filing earlier this year.
July 01, 2024
Chilean Airline Can't Duck Depositions In GOL Linhas' Ch. 11

Bankrupt Brazilian airline GOL Linhas Aereas Inteligentes SA can depose employees of a competitor accused of trying to poach airplane leases, a New York bankruptcy judge ruled on Monday, rejecting arguments that potential causes of action are moot since GOL Linhas successfully renegotiated the agreements.