Santander Blasts Brazilian Airline's $950M DIP Request

By Yun Park · February 13, 2024, 4:18 PM EST

Spanish banking giant Santander, a creditor of GOL Linhas Aereas Inteligentes SA, has asked a New York bankruptcy judge to reject the low-cost Brazilian airline's bid for $950 million in debtor-in-possession financing,...

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Bankruptcy Scorecard

Summary

Brazilian budget airline GOL Linhas filed for Chapter 11, saying it plans to use DIP financing to maintain operations while it restructures its balance sheets and improves its liquidity.

Case Number

24-bk-10118

Judge

Martin Glenn

Venue

U.S. Bankruptcy Court for the Southern District of New York

Capital Structure

Total Liabilities:

$8.3 billion

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Documents

Related Sections

Case Information

Case Title

GOL Linhas Aereas Inteligentes S.A.

Case Number

1:24-bk-10118

Court

New York Southern

Nature of Suit

Date Filed

January 25, 2024

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