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-07.14.25

Airborne-NextGen-07.15.25

AirborneUnlimited-07.16.25

Airborne-FlightTraining-07.17.25

AirborneUnlimited-07.11.25

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's Daily Aero-Term (07.15.25): Charted Visual Flight Procedure Approach

Charted Visual Flight Procedure Approach An approach conducted while operating on an instrument flight rules (IFR) flight plan which authorizes the pilot of an aircraft to proceed >[...]

Aero-News: Quote of the Day (07.15.25)

“When l became the Secretary of Defense, I committed to rebuild our military to match threats to capabilities. Drones are the biggest battlefield innovation in a generation, >[...]

ANN's Daily Aero-Linx (07.15.25)

Aero Linx: Stearman Restorers Association Welcome to the Stearman Restorers Association. The Stearman Restorers Association is an independent “Not for Profit” 501C-3 Co>[...]

NTSB Final Report: Kjelsrud Gary Kitfox

Airplane Exhibited A Partial Loss Of Engine Power When It Was About Halfway Down The Runway Analysis: The pilot of the experimental amateur-built airplane was departing from his pr>[...]

NTSB Prelim: Cessna A150L

The Flight Path Was Consistent With Low-Altitude Maneuvering On June 18, 2025, about 0922 mountain standard time, a Cessna A150L airplane, N6436F, was substantially damaged when it>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC