Airline

GOL monetises Smiles brand raising $1.4bn with Abra Group

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GOL monetises Smiles brand raising $1.4bn with Abra Group

Brazilian airline GOL has arranged $1.4bn private placement financing, with Abra Group, a holding company that will control GOL and fellow carrier Avianca. Abra will invest up to $451 million cash into the business, and contribute $1.077bn face value of GOL bonds "at a $312.6 million discount to par...

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