September 20, 2021 |
Brazilian airline Gol said Friday that it reached an agreement with local banks to refinance BRL1.2 billion ($227 million) in debt due in 2024 to wrap up its liability management program.
"With this transaction, the company has concluded the largest balance sheet deleveraging among its peers, making it the airline with the lowest liabilities. We can now focus the vast majority of our operating cash flow on sustainable operational growth," CFO Richard Lark said in a statement.
Gol expects to have
Brazilian airline concludes its liability management program with the lowest level of short-term debt since 2014