SÃO PAULO, Oct. 13, 2022 /PRNewswire/ -- GOL Linhas Aéreas Inteligentes S.A. ("GOL" or "Company") (NYSE: GOL and B3: GOLL4), Brazil's largest domestic airline, has closed a US$80 million financing with Apollo PK AirFinance for the acquisition of nine new spare engines directly from CFM.

This transaction will provide GOL with additional operational flexibility for the renewal of its fleet and will support increased productivity and reduction of unit costs.

The nine new engines are comprised of 1 LEAP-1B25 and 8 CFM56-7B27 that will equip the Boeing 737-MAX and Boeing 737-NG fleets, respectively. The engines will be received by the Company directly from CFM International by the end of 2022.

This financing further diversifies GOL's capex financing at competitive costs and reduces the cash outlays required to renew the fleet. The all-in interest rate is approximately 7% per annum and the amortization period is 5 years. The financing covers the entire cost of acquiring the engines, net of pre-delivery payments already made by GOL.

Investor Relations 
ri@voegol.com.br 
www.voegol.com.br/ir 
+55(11) 2128-4700

About GOL Linhas Aéreas Inteligentes S.A. 
GOL is the largest airline in Brazil, leader in the corporate and leisure segments. Since founded in 2001, the Company has the lowest unit cost in Latin America, thus democratizing air transportation. The Company has alliances with American Airlines and Air FranceKLM, besides several codeshare and interline agreements available to Customers, bringing more convenience and simple connections to any place served by these partnerships. With the purpose of "Being the First for All", GOL offers the best travel experience to its passengers, including: the largest number of seats and more space between seats; the greatest platform with internet, movies and live TV; and the best frequent-flyer program, SMILES. In cargo transportation, GOLLOG delivers orders to different regions in Brazil and abroad. The Company has a team of 14,000 highly qualified aviation professionals focused on Safety, GOL's #1 value, and operates a standardized fleet of 144 Boeing 737 aircraft. The Company's shares are traded on the NYSE (GOL) and the B3 (GOLL4). For further information, visit www.voegol.com.br/ir.

Cision View original content:https://www.prnewswire.com/news-releases/gol-closes-us80-million-engine-financing-301648591.html

SOURCE GOL Linhas Aéreas Inteligentes S.A.

Copyright 2022 PR Newswire

Gol Linhas Aereas Inteli... (NYSE:GOL)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Gol Linhas Aereas Inteli... Charts.
Gol Linhas Aereas Inteli... (NYSE:GOL)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Gol Linhas Aereas Inteli... Charts.