Business

Brazil's airline Gol raises BRL 423 million from shareholders

Controlling shareholders participated with a capital infusion of BRL 268 million, while minority shareholders contributed the remainder

Logo da companhia aérea Gol fotografado em Natal (RN) 23/11/2018 REUTERS/Paulo Whitaker
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  • The airline said that its controlling shareholders participated with a contribution of R$268 million;
  • Last week, Gol closed a deal for the acquisition of MAP Transportes Aéreos.

Brazil‘s airline Gol raised BRL 423 million to increase its capital, according to a statement sent to the Brazilian Securities and Exchange Commission on Monday. The airline said its controlling shareholders participated with a infusion of BRL 268 million, while minority shareholders contributed the remainder.

READ ALSO: Brazil’s Gol passenger demand and seat supply rise in May

Last week, Gol closed a deal to acquire MAP Transportes Aéreos for BRL 28 million in cash and stock.

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