Brazilian airline Gol files for Chapter 11 of the United States bankruptcy law
epa11106564 Two Gol airline planes at Congonhas airport in Sao Paulo, Brazil, 26 January 2024. Gol airline, Brazil's largest by domestic flights, announced it voluntarily filed for Chapter 11 of the United States bankruptcy law, a formula that allows a company that cannot pay its debts to restructure without the pressure of the creditors. Gol needs to restructure a debt that, according to the latest balance sheet disclosed, amounted to 20.2 billion reais (about 4.122 billion dollars) as of September 2023. EPA/Isaac Fontana
