Grupo 123, of the brands 123 Milhas, Hotmilhas, Novum, Maxmilhas and LH Lance Hotéis, filed today (26) its judicial recovery plan for credits worth R$ 2.4 billion, in the 1st Business Court of the District of Belo Horizonte. Consumers harmed by the company can choose three options to recover the amounts.
In the plan presented by the group, creditors will be divided into labor and unsecured. It is in this last group that credits arising from vouchers, purchase of unissued tickets, mile intermediation, suppliers, financial institutions and other unsecured debts are found.
In total, there are more than . “Our main objective is to compensate all creditors. To achieve this, we reorganized our operations and managed to increase our revenues, which made the proposal we are now presenting viable”, states Ramiro Madureira, CEO of Grupo 123.
The company had suspended its “Promo” travel packages already purchased by users in exchange for “vouchers” for reuse in the application.
How should creditors receive their money?
Injured consumers must register in the judicial recovery plan. Now, they can receive the amounts according to the rules of the unsecured group.
There are three options for recovering the amounts in this case, as the company explained in a statement:
Continues after advertising
Option A – Full payment with possibility of cashback
Creditors who choose Option A will receive 100% of the amount owed in 12 semiannual installments that will begin to be paid 6 and a half years after the plan is approved by the Court.
This option provides cashback of at least 4% when purchasing new airline tickets, accommodation or intermediating miles. The cashback (discount for future purchases, in the form of credit or payment for use in Grupo 123 products and services) will be paid into the creditor’s registered current account and the payment deadlines are:
Continues after advertising
- New air ticket purchases: 30 days after boarding the new flight;
- New intermediation of mile sales: 60 days after the intermediation is approved;
- New hotel accommodation purchases: 60 days after the stay.
With cashback, depending on when you make new purchases or broker miles for Group 123, the creditor begins to be paid in the months following the judicial approval of the plan.
For example: if the creditor purchases R$2,500.00 in new airline tickets for departure in May 2025, they will receive R$100.00 (4% of R$2,500) in cashback in June 2025, limited to the amount due on the credit . The cashback value will then be deducted from the debt amount.
Option B – Payment with Discount on the amount due
Continues after advertising
In this option, payment begins 1 and a half years after approval of the plan, also in 12 semi-annual installments with a 40% discount on the total amount receivable.
This option is limited to a membership of R$80 million. If the limit is exceeded, creditors will have the payment prorated proportionally. The excess credit will be paid in accordance with Option A described above.
Example: if there is an additional demand of 10% in relation to the limit of R$80 million:
Continues after advertising
– Creditor who has R$1,000.00 to receive: the R$ 1,000.00 due will be prorated according to the excess credit percentage (10% in this example). Therefore, R$ 900.00 will be paid according to Option B, that is, they will have a 40% discount (R$ 360.00) and R$ 540.00 will be paid one and a half years after approval of the plan in 12 semi-annual installments, plus R$100.00 paid in accordance with Option A.
Option C – Full payment up to R$450.00
This option was designed for creditors who have smaller amounts to receive. In this proposal, the maximum payment is up to R$450.00 and will be made in 10 semiannual installments starting two and a half years after the plan is approved.
Continues after advertising
This option is limited to R$120 million. If the limit is exceeded, creditors will have the payment prorated proportionally. The excess credit will be paid in accordance with Option A described above.
This option can be taken up by any creditor, as long as they waive the amount that exceeds R$450.
Example 1: if a creditor has R$650 to receive and wants this option, he will receive R$450 under the conditions described above, as long as the option has not exceeded the debt limit of R$120 million, waiving the amount of R$200.
Labor debts
In the case of judicial recovery, labor debts are the priority and will be paid in full in 12 monthly installments, corrected by the Broad Consumer Price Index (IPCA), from the approval of the plan.
