Justice prevents Itapemirim from using resources from airline asset auctions

A new chapter in the judicial reorganization process in Itapemirim was revealed today (6) in The story of journalist Mariana Barbosa from O Globo. According to the report, the group has been prohibited, since July 16, from using funds from the sale of assets to redeem the airline. This directly affects an important, and possibly major, source of funds for the new company.

In compliance with the decision of the judge of the First Court of Judicial Reorganization in São Paulo, all funds arising from the auctions must be deposited in a court account until the company settles the overdue payments with the creditors.

In the same week, we shared an article from Valor Ecomico . Newspaper Which said that some of the group’s main creditors, in the amount to be collected, requested in court the dismissal of the company’s board of directors “as a last step before filing for Etapimirim’s bankruptcy.” This group joins China Construction Brank Brasil, which also ordered it in May.

The Etapimirim group, in turn, says it is keeping pace with the recovery plan.