NEWSMar 06, 2024Azul Working With Investment Banks in Potential Takeover of Bankrupt Rival GolAzul Linhas Aéreas (Azul) is contemplating a takeover of Gol Linhas Aéreas Inteligentes (Gol) after Gol filed for bankruptcy in January. Both Brazilian-based budget carriers have experienced difficult economic setbacks since the initial outbreak of the COVID-19 pandemic. Read More →
NEWSJan 28, 2024Embattled Brazilian Low-Cost Carrier GOL Files for Chapter 11 BankruptcyGol Linhas Aereas Inteligentes SA (GOL), Brazil's largest low-cost carrier, filed for Chapter 11 bankruptcy protection in the U.S. on January 25. Although many industry analysts already expected GOL to file for bankruptcy, the move highlights airlines' enduring challenges due to the COVID-19 pandemic and broader economic uncertainties.Read More →
NEWSJan 19, 2024Financial Issues May Force Brazil's GOL to File for BankruptcyThe aviation industry can be difficult for airlines to survive since many carriers operate with razor-thin profit margins in a delicate balance between operating loss and operative revenue. The results can be disastrous when this balance between operating costs and revenue (profit/income) is disturbed. The latest airline to experience this problem is the Brazilian low-cost carrier GOL Linhas Aéreas Inteligentes (GOL). The 22-year-old airline is reportedly considering filing for Chapter 11 bankruptcy protection. Read More →
NEWSJul 11, 2023Delta Becomes First American Airline to Sign LPGA SponsorshipDelta Air Lines is making major investments in women's golf, signing Rose Zhang, Nelly Korda, and Michelle Wie to long-term sponsorship deals. The deals follow previous long-term investments by Delta in women's sports to elevate female athletes.Read More →
NEWSJun 07, 2023PGA Tour and LIV Golf Merger: What's in it for Airlines?The PGA Tour and LIV Golf have announced plans to merge into one global golf league after months of legal disputes. The merger is expected to have a significant impact on golf, including in terms of the airlines that currently sponsor the existing leagues. Who will be the league's official airline in the future?Read More →
