Brazilian airline, Gol Linhas Aéreas Inteligentes (Gol), is reportedly considering filing for Chapter 11 bankruptcy as part of its restructuring efforts, according to a recent report. The airline is facing financial challenges due to the ongoing COVID-19 pandemic, which has severely impacted the global aviation industry.
Gol Linhas Aéreas Inteligentes, the largest domestic airline in Brazil, has been significantly affected by the travel restrictions and reduced demand for air travel caused by the pandemic. The company has experienced a decline in revenue as passengers have been reluctant to fly, leading to a sharp drop in ticket sales.
