Latest news with #Gol
Cedar News
30-06-2025
- Cedar News
VIDEO: Another Aircraft Gets Stuck on Fernando de Noronha Airport Apron After Asphalt Sinks
Fernando de Noronha, Brazil – June 30, 2025 For the second time in a week, an aircraft became stranded at Fernando de Noronha Airport after the asphalt on the apron gave way beneath it. On Sunday (29), a Gol Linhas Aéreas Boeing 737 got stuck while taxiing for takeoff on flight G3 1776, bound for São Paulo (Guarulhos) after arriving from Recife. The incident occurred with more than 100 passengers on board. Fortunately, no one was injured. Passengers were asked to disembark and wait while the aircraft was repositioned and the issue addressed. In an official statement, Gol confirmed that the aircraft encountered the issue during taxiing, attributing the problem to a section of the airport's asphalt that 'gave way.' The airline reported that the plane was promptly repositioned, and the flight continued to its destination without further complications. This is the second such incident in just over a week. On June 22, an Azul Embraer 195-E2 also became stuck on the apron under similar circumstances, raising concerns about the structural integrity and maintenance of the island's airport infrastructure. Authorities have not yet issued a statement regarding the repeated incidents or any planned measures to prevent future occurrences.
Miami Herald
26-06-2025
- Business
- Miami Herald
New flights take off between Miami and Brazilian city of Belém
A new airplane route between Miami and Brazil has debuted this month as Latin America's largest economy looks to bolster ties with the Sunshine State. GOL Linhas Aéreas started direct flights between Belém's Val-de-Cans/Júlio Cezar Ribeiro International Airport and Miami International Airport on June 15, its newest international addition. Belém is the capital of the state Pará, which is in the north of Brazil and through which the Amazon River passes. The most recent flight left MIA on Thursday after 9:30 a.m. following a reception and speeches by Brazilian officials. GOL is operating a Boeing 737 MAX 8 which can seat 176 passengers for the service. Flights will occur twice a week from each airport. On Thursdays and Sundays, flights will leave Belém at 11 p.m. local time and arrive at MIA at 4:20 a.m. Eastern time. The same two days, flights will leave MIA at 9:45 a.m. Eastern time and arrive in Belém at 4:35 p.m. local time. In November, an additional flight will depart from MIA on Tuesdays at 1:40 a.m. Eastern time and reach Belém at 6 a.m. local time to accommodate additional travel to COP30, the United Nation's Climate Change conference, which Brazil is hosting. Planes will leave Belém on Tuesdays at 9:10 a.m. local time and arrive at MIA at 5:20 p.m. Eastern time. No other airlines fly this route, a Gol spokesperson said. Gol and Brazil are also trying to promote tourism in the Amazon, known for its vast rain forests, indigenous communities, biodiversity and exquisite cuisines. In the past 18 months, at least four other new flights between Brazil and Florida have come online, according to Embratur, Brazil's tourism promotion agency, including: ▪ Azul: FLL - Belém ▪ Azul: Orlando - Belo Horizonte ▪ LATAM, Avianca: MIA - Manaus Across the U.S., flights to Brazil have also been added in Houston, Dallas and Atlanta with carriers like American Airlines, United, Delta and LATAM flying to Brazil's largest cities. The increase has helped spur strong growth in tourism in Brazil. Through May of this year, the country saw 4.89 million international visitors, up 49.7% from the same period in 2024. Brazil and the U.S. have more than 200 direct commercial flights per week, up from pre-COVID19 levels, according to Embratur. Florida still plays an oversize role for Brazilians. Florida has more Brazilians than in any other U.S. state, André Odenbreit Carvalho, Brazil's Consul-General in Miami, said in an interview with the Herald. He thinks the number has grown significantly. 'The tourism flow is very strong in South and Central Florida,' said Odenbreit, who attended Thursday's ceremony at MIA. But he's also seen growing communities of Brazilians settling in Tampa, Sarasota and Fort Myers among other places. 'With the cost of living, many Brazilians are trading South Florida with the Gulf Coast,' said Odenbreit.
Travel Weekly
10-06-2025
- Business
- Travel Weekly
Brazil's Gol emerges from Chapter 11 bankruptcy
Brazilian discount carrier Gol has exited Chapter 11 bankruptcy. Gol received $1.9 billion in financing during the 17-month restructuring process and exits bankruptcy with $900 million in liquidity. Abra Group, the owner of Colombia-based Avianca, now controls 80% of Gol stock. The company's shares will be traded on the Brazil stock exchange. Gol is operating six U.S. routes this month, all from secondary Brazilian cities -- four of them to Miami and two to Orlando. The carrier was operating four U.S. routes when it entered Chapter 11 in January 2024, Cirium flight schedule data shows. Gol is the third-largest carrier in Brazil, trailing Azul and Latam. Azul and Gol entered into a nonbinding memorandum of understanding in January to explore a merger that would make them by far the largest airline in Brazil. Azul began its own Chapter 11 restructuring process late last month.
Mint
06-06-2025
- Business
- Mint
Airline Gol Makes International Push to Cut Brazil Risk After Chapter 11
(Bloomberg) -- Brazilian airline Gol Linhas Aéreas Inteligentes SA is ramping up international expansion as part of a strategy to boost growth and reduce dependence on its home market after exiting Chapter 11, Chief Executive Officer Celso Ferrer said in an interview. The company wants a quarter of its business to come from outside the country to offset risks like currency fluctuations and fuel cost pressures, which led Gol and most of its major peers to seek protection from creditors in past few years. Azul SA, which was looking to merge with Gol, filed just last week. 'If today I'm not finding enough passengers here in Brazil, I'll pick them up in Buenos Aires,' the CEO said. The move will also allow it to tap 'broader demand pools' as high interest rates and inflation limit consumer spending in Latin America's largest economy, he added. The company currently gets about 20% of its total capacity from 16 international routes, most of which are in Latin America. Gol is expected to begin flying to Caracas, Venezuela in August, according to Ferrer. Gol filed for Chapter 11 in January 2024, capping its ill-fated efforts to bounce back from the Covid-19 pandemic after completing some 10 liability management exercises or capital raises. The airline exited the process this week with a leverage of 5.4 times a measure of earnings. That's higher than the 4.7 times in net leverage it reported in the first quarter of 2024. Ferrer acknowledged the number is still elevated, and said Gol has a 'clear plan' to lower that by nearly 50% by 2027. Gol's plans include improving operations and earnings, and not taking on more debt, he added. The CEO also said the company has a 'robust' liquidity position of around $900 million upon exit, and that it was able to extend its debt maturities in the process. The carrier's shares have gained around 17% since May 20, after Gol announced it expected to exit Chapter 11 in June. Fallout from the pandemic, persistent inflation and high interest rates took a toll on Latin American airlines. Major regional carriers Latam Airlines Group, Avianca Holdings SA and Grupo Aeromexico SAB filed for bankruptcy in the US in 2020. Brazilian carriers were hit particularly hard by a mismatch in revenues in local currencies and dollar-denominated costs like fuel, leases and foreign debt. They also didn't receive any aid from the government. President Luiz Inacio Lula da Silva pushed for a rescue plan for struggling airlines in 2024. But almost a year and a half later, the 4 billion reais ($715 million) in promised aid hasn't reached the companies. Government officials have said they still expect the money to come through in the next three months. 'Today we've restructured our debt so we don't depend on the government,' Ferrer said, adding that Gol made a point not to take into account any aid in its plan. If the money is ultimately made available, Gol would be open to swapping out more expensive debt for lower-cost financing from Brazil's national development bank, known as BNDES, he added. After the Chapter 11 process, Gol is eligible to access government financing again. 'What sets Brazil apart, what puts Brazilian airlines at a disadvantage, is the cost of capital,' Ferrer said, adding that Gol is working closely with the government and other carriers through the trade association to make this a 'structural agenda.' 'This needs to be a national policy — fair, transparent, and not favoring one airline over another,' he added. More stories like this are available on
Yahoo
06-06-2025
- Business
- Yahoo
Gol exits Chapter 11 with plans to add new routes and expand fleet
By Luciana Magalhaes SAO PAULO (Reuters) -Brazilian airline Gol formally exited its bankruptcy proceedings in the United States on Friday, setting the stage for fleet expansion and new flights and routes within Brazil and other countries, Chief Executive Officer Celso Ferrer told Reuters. In 2024, Gol became the second Brazilian airline, after Latam in 2020, to seek Chapter 11 bankruptcy protection in the United States as the sector grappled with debt burdens, a steep decline in passenger numbers during the COVID-19 pandemic, and aircraft delivery delays. Azul, a Gol competitor, filed for Chapter 11 last month. Despite Azul's financial struggles, talks over a potential partnership between the carrier and Gol are ongoing, Ferrer said. But a final deal "will only happen if it adds value and results, whether through routes or growth. If it's better for everyone," he added. Discussions regarding the business combination, which were formalized with a memorandum of understanding last January, are being managed by Abra Group, the majority investor in both Gol and Colombia's Avianca.
