Gol to Assess LATAM | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-05.20.24

Airborne-NextGen-05.21.24

Airborne-Unlimited-05.22.24 Airborne-FlightTraining-05.23.24

Airborne-Unlimited-05.24.24

Sat, Feb 17, 2024

Gol to Assess LATAM

Carrier Alleges Vulturing After Chapter 11 Announcement

Bankrupt Brazilian carrier Gol has obtained approval via the US courts to prove LATAM Airlines activities in the immediate wake of the former's bankruptcy announcement, believing the Chilean rival sought to 'poach' pilots, pax, and planes in the hubbub.

LATAM allegedly made the best of the announcement, reaching out to lessors of Gol aircraft to feel out an acquisition of the airline's Boeing 737 and MAX planes - that stuck out to Gol, since LATAM is an Airbus operator, and hasn't expressed interest in Boeing for years. Job listings for LATAM in Brazil reached out to Boeing-typed pilots, too, and Gol thinks it was all part of a multi-pronged scheme to hoover up as much of the bankrupt carrier as possible.

LATAM attorney Kyle Ortiz acknowledged one missive sent to aircraft owners of Gol jets, saying the outreach was merely the result of a carrier in need of aircraft no matter the make. "We need airplanes, if we're looking for 737s, that's where we have to go." 

Gol has remained on life support thanks to a bridge loan of $950 million, of which $350 million has been already approved. The loan sports a 15% interest rate, but the carrier said it was "desperately needed" to maintain their operations and preserve relationships with the owners of its fleet. 

FMI: www.voegol.com.br

Advertisement

More News

ANN FAQ: Turn On Post Notifications

Make Sure You NEVER Miss A New Story From Aero-News Network Do you ever feel like you never see posts from a certain person or page on Facebook or Instagram? Here’s how you c>[...]

Airborne 05.22.24: NS-25 Chute Failure, #HonorTheWASP, SkyCourier 'Combi'

Also: VAI v Anti-Heli Actions, Electric Aircraft Symposium, 2024 FAA Drone/AAM Symposium, Gravitymaster Blue Origin's seventh passenger flight ended with a smidgeon of drama when o>[...]

Airborne-NextGen 05.21.24: ‘Liberty Lifter’, Cavorite Flies!, Eurodrone

Also: AMA National Fun Fly, Skyfire SF2, Echodyne Gets BVLOS, Av Meteorology Reference General Atomics' run at developing the Liberty Lifter ground effect aircraft has been put to >[...]

Airborne Affordable Flyers 05.16.24: PRA Runway, Wag-Aero Sold, Young Eagles

Also: Paramotor Champ's, Electric Ultralight, ICON BK Update, Burt Rutan at Oshkosh! The Popular Rotorcraft Association is reaching out for help in rebuilding their private runway >[...]

Airborne 05.20.24: Van's BK Exit, Bud Anderson, Air Race Classic

Also: ALPA Warns, Aviation Meteorology Reference, Jennifer Homendy Re-Ups, CAF Tampa Bay The court has approved Van's Aircraft's bankruptcy reorganization plans, settling a stressf>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC