UPDATE 1-Brazil's Gol wants bondholders to take loss in debt plan
May 03, 2016 at 19:39 PM EDT
SAO PAULO, May 3 (Reuters) - Gol Linhas Aéreas Inteligentes SA plans to propose bondholders take losses of up to 70 percent in some of their bonds as Brazil's second-largest airline strives to overcome a steep recession and plunging air travel demand.