GOL Secures Guarantee For Engine Financing
Portfolio Pulse from Happy Mohamed
GOL Linhas Aéreas Inteligentes S.A. (NYSE:GOL) has received approval for a credit insurance policy backed by the Export Guarantee Fund (FGE) to finance up to $209 million for maintenance of its CFM56-7B engines. The policy supports local maintenance services in Brazil by GE-Celma MRO and strengthens GOL's ability to secure third-party credit lines.
December 26, 2023 | 12:59 pm
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GOL Linhas Aéreas has secured a credit insurance policy to finance engine maintenance, which may improve its financial flexibility and support local services in Brazil.
The approval of the credit insurance policy is likely to have a positive impact on GOL's stock price in the short term as it enhances the company's financial flexibility and demonstrates support from government-backed entities. This could be perceived positively by investors as it may reduce financial risk and support operational efficiency.
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