GOL entered Chapter 11 bankruptcy proceedings in 2024 under the supervision of the United States Bankruptcy Court for the Southern District of New York. Following successful negotiations with creditors, GOL secured USD 1.9 billion in exit financing. Abra Group—GOL’s largest secured creditor and majority investor—now holds approximately 80% of the company, reinforcing its support with substantial financial commitments.
As part of its restructuring, GOL has streamlined its fleet, optimised operating costs, redesigned its route network, sharpened its operational focus, and improved management efficiency.
The NautaDutilh team also included Armin Klueter and Hédi Khedache-Thiriet (Corporate M&A), Meliha Dacic and Sophie Rougeron (Banking & Finance), as well as Jean-Marc Groelly, Audrey Derep and Ilhami Karamemis (Tax).
GOL Linhas Aéreas Inteligentes S.A. is one of Brazil's leading low-cost carriers. It currently operates a fleet of 138 aircraft. In 2024, GOL was recognised as the most on-time airline in Brazil, serving 65 domestic and 16 international destinations.
Abra Group is one of Latin America's most competitive air transport players. It operates a fleet of more than 300 aircraft, serving 25 countries and over 150 destinations.