{"id":5158,"date":"2024-01-26T11:00:12","date_gmt":"2024-01-26T01:00:12","guid":{"rendered":"https:\/\/simpleflying.com\/gol-enters-chapter-11-bankruptcy-proceedings\/"},"modified":"2024-01-26T11:00:12","modified_gmt":"2024-01-26T01:00:12","slug":"now-official-gol-enters-chapter-11-bankruptcy-proceedings","status":"publish","type":"post","link":"https:\/\/www.vibewire.com.au\/?p=5158","title":{"rendered":"Now Official: GOL Enters Chapter 11 Bankruptcy Proceedings"},"content":{"rendered":"<p>Brazilian low-cost carrier <a href=\"https:\/\/simpleflying.com\/tag\/gol-linhas-aereas\/\">GOL Linhas A&eacute;reas Inteligentes S.A.<\/a> has officially announced it voluntarily filed with the United States Court for <a href=\"https:\/\/simpleflying.com\/why-do-international-airlines-file-for-chapter-11-bankruptcy-in-the-us\/#:~:text=Photo%3A%20Vincenzo%20Pace%20%7C%20Simple%20Flying,time%20to%20restructure%20its%20debts.\">Chapter 11 Bankruptcy<\/a> protection. This is a common move for airlines that use the legal process to raise capital, restructure their organization, and strengthen long-term business operations while continuing to operate without significant disruption. The carrier <a href=\"https:\/\/simpleflying.com\/how-to-start-an-airline-part-3-finances\/\">expects financing<\/a> from Ad Hoc Group to the value of $950 million and hopes to access this in the next week; however, it will be subject to court approval.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Travelers are reminded that their services are scheduled to operate as usual.<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[396,402,1997,1135,1906],"tags":[],"class_list":["post-5158","post","type-post","status-publish","format-standard","hentry","category-aircraft","category-airline-news","category-chapter-11-bankruptcy","category-gol","category-low-cost-carriers"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/posts\/5158","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5158"}],"version-history":[{"count":2,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/posts\/5158\/revisions"}],"predecessor-version":[{"id":5182,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=\/wp\/v2\/posts\/5158\/revisions\/5182"}],"wp:attachment":[{"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vibewire.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}