SAO PAULO, Jan 21 (Reuters) - Global airlines are in

talks with Gol to invest in the Brazilian airline,

which is undergoing Chapter 11 bankruptcy proceedings in the

U.S., local newspaper Valor Economico reported on Tuesday,

citing sources.

The report mentions U.S.-based companies United Airlines

and American Airlines ( AAL ), as well as European firms

Air France-KLM, International Airlines Group

and Lufthansa Group among the groups in talks with

Gol.

The Brazilian airline, which last week announced a

memorandum of understanding to explore a merger with local rival

Azul, has been in Chapter 11 bankruptcy proceedings

since early 2024.

Valor Economico said the investments from global

airlines would be made as part of Gol's exit from Chapter 11.

Gol declined to comment. United Airlines, American

Airlines ( AAL ), International Airlines Group and Lufthansa and Air

France-KLM did not immediately respond to request for comment.