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home / news releases / AZUL - Boeing Customer Gol Files For Bankruptcy

AZUL - Boeing Customer Gol Files For Bankruptcy

Azul S.A. American Depositary Shares

2024-01-30 03:47:19 ET

Summary

  • Gol Linhas Aéreas Inteligentes S.A. has filed for Chapter 11 bankruptcy due to mounting debt and operational challenges.
  • The airline's cash pile is significantly smaller than its debt pile, and its liquidity is not sufficient to cover its debt obligations.
  • GOLLQ is a major customer of Boeing, but delivery delays and engine maintenance backlogs have impacted its fleet and capacity.

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For further details see:

Boeing Customer Gol Files For Bankruptcy
Stock Information
Company Name: Azul S.A. American Depositary Shares
Stock Symbol: AZUL
Market: NYSE
Website: voeazul.com.br
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