GOL secures guarantee for engine financing

SÃO PAULO – GOL Linhas Aéreas Inteligentes S.A, the main Brazil’s domestic airline, announces that it has received approval to access a newly developed credit insurance policy structured with the direct support of the Executive Secretariat of the Chamber of Foreign Trade (SE-Camex) and backed by the Export Guarantee Fund (FGE).

This credit insurance policy can be used to enable maintenance services provided exclusively in Brazil by the GE-Celma MRO maintenance unit, supporting the local economy of Petrópolis, in the metropolitan region of Rio de Janeiro, and allowing GOL to seek third-party credit lines of up to US$ 209 million to finance the maintenance of its CFM56-7B engines.

The article GOL secures guarantee for engine financing first appeared in TravelDailyNews International.