Airline

Smiles IPO aims to raise $677m

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Smiles IPO aims to raise $677m

  The floatation of Smiles, the frequent-flier program of Brazilian airline Gol Linhas Aéreas Inteligentes, aims to raise as much as 1.35 billion Brazilian reais ($677 million) in an initial public offering. Proceeds will be used to pay down debt. Smiles plans to sell about 52 million new voting s...

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