GOL’s Strategic São Paulo and Rio de Janeiro Locations

Despite substantial passenger numbers, GOL continues to face significant financial challenges. Burdened by intense competition, a complex business model, and delays in aircraft deliveries, the airline was forced to file for Chapter 11 bankruptcy protection a year ago.

Facing over $3.8 billion in debt, GOL has proposed a bankruptcy exit plan that includes converting $1.7 billion of debt into equity and raising $1.85 billion in new financing from investors. However, GOL’s most valuable assets may not be its fleet but its strategic positions at the São Paulo-Guarulhos and Rio de Janeiro-Galeão airports.