SAO PAULO, July 10, 2015 /PRNewswire/ -- GOL Linhas Aereas
Inteligentes, the largest low-cost and best-fare airline in
Latin America, has agreed to enter
into several strategic transactions with the Constantino Family,
GOL's controlling shareholder, and Delta Air Lines to strengthen
the airlines' strategic alliance and enhance GOL's financial
position and liquidity.
As part of the agreement, GOL's controlling shareholder will
invest up to US$90 million in newly
issued preferred shares of GOL and Delta will invest up to
US$56 million in newly issued
preferred shares of GOL. Delta also will guarantee a term loan to
be entered into by GOL with third party lenders of up to
US$300 million. In connection
with these transactions, GOL and Delta will extend their commercial
cooperation arrangements.
The consummation of each of the strategic transactions is
subject to the execution and delivery of definitive documentation
and customary closing conditions, including receipt of required
regulatory approvals.
More details of the transactions can be found on
http://www.voegol.com.br/pt-br/investidores/
About GOL Linhas Aereas Inteligentes S.A.
GOL Linhas Aereas Inteligentes S.A. (BMF&BOVESPA: GOLL4 and
NYSE: GOL), the largest low-cost and best-fare airline in
Latin America, offers around 900
daily flights to 73 destinations, 17 international, in South America, the Caribbean and the
United States, using a young, modern fleet of Boeing 737-700
and 737-800 Next Generation aircraft, the safest, most efficient
and most economical of their type. The SMILES loyalty program
allows members to accumulate miles and redeem tickets to more than
700 locations around the world via flights with foreign partner
airlines. The Company also operates Gollog, a logistics service
which retrieves and delivers cargo and packages to and from more
than 3,500 cities in Brazil and
eight abroad. With its portfolio of innovative products and
services, GOL Linhas Aéreas Inteligentes offers the best
cost-benefit ratio in the market.
About Delta Air Lines
Delta Air Lines is working to be the best U.S. airline in
Latin America and the Caribbean. Its achievements have been
recognized with two top distinctions by Latin Trade's Best of
Travel Annual Awards 2014, leading the categories of "Most
Improvement Overall" and "Best Partnerships and Alliances," and
being the only U.S. airline in this year's rankings. Delta
continues to grow in Latin America
through its long-term exclusive alliances with GOL Linhas Aereas
Inteligentes, Aeromexico and Aerolineas Argentinas, and is
committed to building a solid regional footprint thus enhancing its
global network and offering a better overall experience for its
customers. Delta provides service to 32 countries and 52
destinations in the region offering over 1,500 weekly flights
between Latin America/Caribbean and the U.S. Delta customers can
receive real-time, on-the-go travel assistance in Spanish and
Portuguese through Twitter channels @DeltaAssist_ES and @DeltaAjuda
from 9 a.m. to 7 p.m. EST. Brazilian
customers can also access Delta´s dedicated Brazil Facebook page,
visiting http://www.facebook.com/DeltaAirLinesBrasil.
Media contacts:
GOL Linhas Aereas Inteligentes
- gol@inpresspni.com.br
In Press Porter Novelli
Tais Barros
tais.barros@inpresspni.com.br
Tel: +55 (11) 3330 3835
Amanda
Ventura
amanda.ventura@inpresspni.com.br
Tel: +55 (11) 3330 3842
Thais Antonelli
thais.antonelli@inpresspni.com.br
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SOURCE GOL Linhas Aéreas Inteligentes S.A.