Fitch: Aircraft lessors increasingly tap capital markets
29th March 2012
In the 12 months to June, Gol Linhas Aereas Inteligentes (GOL)’s debt was $1.6 billion – 25 times the airline’s earnings before interest, taxes, depreciation and amortization, or Ebitda. The debt ratio has fuelled speculation the carrier will need to sell assets to raise cash or seek a merger....
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