Gol and parent Abra Group have agreed terms for a plan support agreement in connection with the Brazilian airline's US Chapter 11 bankruptcy-protection cases. Having in January filed for Chapter 11, the airline last month filed a motion with the US Bankruptcy Court for the Southern District of New York seeking an additional 150 days to file its plan for restructuring. Under terms of the reorganisation plan reached with Abra and certain affiliates and a committee of unsecured creditors, Gol will deleverage itself by converting into equity, or otherwise extinguishing, up to $1.7 billion of its pre-petition funded debt and up to $850 million of other obligations. Additionally, Abra "has asserted $2.8 billion in funded debt claims and has agreed to receive approximately $950 million in new equity and possibly more, based upon the resolution of certain unresolved issues, as well as $850 million of take-back debt," Gol and Abra say. Gol expects to raise up to $1.85 billion of new capital in the form of an exit facility to repay its debtor-in-possession financing facility and provide incremental liquidity to support its operations following its emergence from Chapter 11. "Reaching this agreement is another important step in our efforts to strengthen our financial position and drive Gol’s long-term success," states Gol chief executive Celso Ferrer. Abra Group chief executive Adrian Neuhauser adds: "Gol is slated to emerge from its Chapter 11 process with a dramatically improved liquidity position and a deleveraged balance sheet with a very competitive unit cost and strong network."

Flybondi will incorporate two Boeing 737-800 aircraft through a wet lease (ACMI) agreement, marking what it says is the first such arrangement in Argentina's aviation history. The carrier says the Spanish-registered aircraft will operate from November 2024 to March 2025, increasing the airline's operational capacity by 13%. This arrangement was made possible by recent reforms to Argentina's Aeronautical Code, allowing foreign crews and foreign-registered aircraft to operate commercial services and Flybondi plans to resume this model for the 2025/2026 summer season. Flybondi chief Mauricio Sana states: "The addition of these two aircraft will have an impact on greater connectivity, a proposal for increased flights and also creates new opportunities for development and direct and indirect employment. ACMI is a solution in a context where there is a shortage of both aircraft and pilots."

Lufthansa will give its Allegris First Class cabin a service debut on 9 November, offering it on an Airbus A350-900 flight to Bengaluru first and to another Indian city, Mumbai, from 15 November. The new cabin features two individual suites plus Suite Plus, a separate double cabin with ceiling-high walls and a closable door, a table, and two wide seats that can be combined into a double bed. After a technical introduction phase, Lufthansa will initially present the product to its most loyal guests by invitation, it says, adding that "as soon as more aircraft with the new first class are part of its fleet, targeted upgrades by passengers and later targeted bookings will be possible step by step"