Brazilian airline Gol Linhas Aéreas has finalized a debt-for-equity deal with its majority investor, Abra Group, to facilitate its exit from Chapter 11 bankruptcy protection. This agreement will eliminate approximately $2.55 billion in debt and convert $950 million of Abra's secured debt into equity. Gol plans to raise up to $1.85 billion in new capital to repay its existing debtor in-possession loan and enhance liquidity for future operations. The restructuring deal is expected to strengthen Gol's financial position and align it with growth strategies, including partnerships with carriers like Avianca. The company anticipates filing its reorganization plan by the end of the year, aiming for bankruptcy exit by late April 2025. This move reflects the confidence of stakeholders in Gol's long-term success and operational opportunities.