Abra Agrees To Convert GOL Debt Into Equity

GOL Boeing 737
Credit: Alamy File Photo
GOL's parent Abra Group has agreed to convert $950 million of its secured debt in the Brazilian carrier to equity as it moves closer to exiting U.S. Chapter 11 bankruptcy protection. Now, GOL, Abra and unsecured creditors have reached a Plan Support Agreement (PSA) in which GOL will file a...
Lori Ranson

Lori covers North American and Latin airlines for Aviation Week and is also a Senior Analyst for CAPA - Centre for Aviation.

Subscription Required

 

Abra Agrees To Convert GOL Debt Into Equity is published in Aviation Daily, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN membership.

Already a member of AWIN or subscribe to Aviation Daily through your company? Login with your existing email and password

Not a member?  Learn how to access the market intelligence and data you need to stay abreast of what's happening in the air transport community.