Gol Linhas Aereas Inteligentes SA $GOL received crucial approval from a US Bankruptcy Court for its comprehensive restructuring proposal. The plan enables the Brazilian airline to cut its debt burden by approximately USD 1.6 billion, ensuring ongoing support from Abra Group Limited as the largest indirect shareholder. This legal milestone marks an important turning point for GOL, which sought Chapter 11 judicial protection in January 2024 and announced a massive transformation strategy later that year.