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GOL completes 2010 aircraft financing

24-Dec-2009 8:27 AM

GOL announced (23-Dec-2009) it has secured a USD150 million credit line, to finance aircraft acquisition prepayments covering aircraft scheduled for delivery in 2010. The credit line was taken out with Natixis Transport Finance at the Libor +2.45% per year and amortizations (principal plus interest) will coincide with the 2010 aircraft delivery schedule. [more]

GOL: "Few airlines had access to this type of financing in 2009. We believe 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", Leonardo Pereira, Executive Vice-President. Source: GOL, 23-Dec-2009.