13G Filing: Contrarian Capital and Gol Linhas Aereas Inteligentes SA (ADR) (GOL)

13G

CUSIP No.

ITEM 1.

(a)

Name of Issuer: Gol Intelligent Airlines Inc.

(b)

Address of Issuer’s Principal Executive Offices: Praça Comandante Linneu Gomes, S/N Portaria 3

Jardim Aeroporto, 04626-020 São Paulo, São Paulo, Federative Republic of Brazil

ITEM 2.

(a)

Name of Person Filing: Contrarian Capital Management, L.L.C.

(b)

Address of Principal Business Office, or if None, Residence: 411 West Putnam Avenue, Suite 425, Greenwich, CT 06830

(c)

Citizenship: Contrarian Capital Management, L.L.C. was formed in Delaware

(d)

Title of Class of Securities: Preferred Stock and American Depositary Shares, each representing five shares of Preferred Stock

(e)

CUSIP Number: 38045R107

ITEM 3.

IF THIS STATEMENT IS FILED PURSUANT TO SS.240.13d-1(b) OR 240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:

(a)	☐	Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o).
(b)	☐	Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c).
(c)	☐	Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c).
(d)	☐	Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a- 8).
(e)	☒	An investment adviser in accordance with ss.240.13d-1(b)(1)(ii)(E);
(f)	☐	An employee benefit plan or endowment fund in accordance with ss.240.13d-1(b)(1)(ii)(F);
(g)	☐	A parent holding company or control person in accordance with ss.240.13d-1(b)(1)(ii)(G);
(h)	☐	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	☐	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	☐	Group, in accordance with ss.240.13d-1(b)(1)(ii)(J).

ITEM 4.

OWNERSHIP.

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

(a) Amount beneficially owned:

2,107,821 American Depositary Receipts each representing 5 shares of Preferred Stock

5,482,033 shares of Preferred Stock

(b)

Percent of class: 7.87%

(c)

Number of shares as to which such person has:

(i)

Sole power to vote or to direct the vote of 16,021,138 of the Issuer’s Preferred Stock

(ii)

Shared power to vote or to direct the vote

(iii)

Sole power to dispose or to direct the disposition of 16,021,138 of the Issuer’s Preferred Stock

(iv)

Shared power to dispose or to direct the disposition of

INSTRUCTION. For computations regarding securities which represent a right to acquire an underlying security SEE ss.240.13d3(d)(1).

Page 3 of 5 – SEC Filing