December 24, 2009
GOL Linhas Aereas Inteligentes, the Brazil-based low-fare airline, has secured a $150m credit line to finance aircraft acquisition prepayments. The line through Natixis Transport Finance pays Libor+2.45% per year starts amortizing next year. The deal concludes the financing of such payments until the end of 2010, in accordance with GOL’s plan to renew its fleet. "This contract will play an important role in improving our cash flow in 2010 and confirm the financial institutions' positive view of GOL's business plan," says Leonardo Pereira, GOL's executive vice-president.