Gustavo Soares and Fernanda Brigatti
São Paulo, SP (Folhapress)
Maxmilhas, which belongs to the 123milhas group, filed a request for judicial recovery this Thursday (21) at the TJMG (Court of Justice of Minas Gerais) declaring debts of R$226 million. According to the company, the action is due to the effects on the online tourism agency market resulting from the restructuring of 123milhas, which entered into judicial recovery at the end of August.
If a request for judicial recovery is accepted, the company is able to avoid debt collection and gains time to organize a payment plan. “Although Maxmilhas has an independent operation (from 123milhas), the market has been significantly impacted, which has significantly hampered the company’s financial capacity,” he stated in a note.
According to the process, filed with the 1st Business Court of Belo Horizonte, the 123milhas crisis generated an abrupt drop in Maxmilhas sales. Its revenue would have fallen, in one month, by 70% with the sale of airline tickets and 90% with the sale of accommodation.
The company stated in a statement that there will be no suspension of any product and that it has not canceled tickets or accommodation reservations. With 10 years of operation, Maxmilhas has sold around 12 million trips in the country.
The post Maxmilhas, from 123milhas, requests judicial recovery and declares debts of R$226 million appeared first in Jornal de Brasília.
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