Gol Linhas Aereas Inteligentes S.A. Sponsored Adr (GOLLQ) has released an update.
Gol Linhas Aéreas Inteligentes S.A. has reported progress in their Chapter 11 bankruptcy proceedings with court-approved term sheets for five aircraft lessors, indicating potential agreements in the near future. The airline also has the option to reject certain contracts, including aircraft leases, and anticipates returning some aircraft to lessors as part of the restructuring process. The company emphasizes that these developments do not constitute a Material Fact requiring disclosure under CVM Resolution 44, as negotiations are ongoing and no binding agreement has been executed yet.
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