GOL Airlines (B3: GOLL4 and NYSE: GOL), announces the conclusion of a
US$80 million financing line with Apollo PK AirFinance for the acquisition of nine new spare engines directly from the manufacturer CFM.
This transaction will provide GOL with additional operational flexibility for fleet renewal and will increased productivity and reduced unit costs.
The nine new engines comprise 1 LEAP-1B25 and 8 CFM56-7B27 that will equip the Boeing 737 MAX and Boeing 737 NG fleets, respectively. They will be received by the Company directly from CFM International until the end of 2022.
This financing further diversifies the company's investment financing at competitive costs and reduces the cash required for fleet renewal. The all-in interest rate is approximately 7% per annum, and the amortization period is 5 years.
The funds generated by the transaction will cover the entire cost of acquiring the engines, discounted from pre-delivery payments already made by the company.
Street: GOL Linhas Aéreas
