 However, in 2014, Passaredo re-established an operational partnership with TAM (now LATAM).In January 2017, Passaredo re-established operational partnership with Gol Linhas Aéreas on selected flights , while maintaining partnership with LATAM.Passaredo applied to the Commercial Bankruptcy and Reorganization Court in Ribeirão Preto on October 19, 2012, for the commencement of "judicial reorganization" proceedings pursuant to the New Bankruptcy and Restructuring Law of Brazil (Law 11.101).