Brazil's largest low-cost airline, Gol Linhas Aereas Inteligentes, has recently filed for Chapter 11 bankruptcy protection. The carrier made this decision as a result of the devastating impact of the ongoing COVID-19 pandemic on the aviation industry.
Gol, which has been operating for over 20 years, became the latest victim of the crisis that has plagued the global airline industry since early 2020. The company's decision to file for bankruptcy was seen as a necessary step to restructure its debts and ensure its long-term viability.
