financetom
Business
financetom
/
Business
/
Amid bankruptcy process, Brazil airline Gol swaps finance chief
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Amid bankruptcy process, Brazil airline Gol swaps finance chief
May 31, 2024 3:50 PM

SAO PAULO (Reuters) - Brazilian airline Gol announced on Friday that its board elected Eduardo Gotilla as its new chief financial officer, while also posting preliminary results for April including net debt of $4.5 billion as part of the carrier's ongoing bankruptcy proceedings.

Gotilla was the CFO of power company Light through last January. He replaces Mario Tsuwei Liao in the same role at Gol and is set to start on June 3, the airline said in a securities filing.

Gol added that Tsuwei will serve as an adviser for special projects for the airline.

In a separate filing, Gol released preliminary results for April, part of the monthly data it must disclose due to the bankruptcy process the Brazilian airline entered in the United States earlier this year.

Gol reported a $76 million net loss for April, which was adjusted to exclude exchange rate losses.

It also posted net revenue of $259 million for the month and $26 million in earnings before interest, taxes, depreciation and amortization (EBITDA).

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Amid bankruptcy process, Brazil airline Gol swaps finance chief
Amid bankruptcy process, Brazil airline Gol swaps finance chief
May 31, 2024
SAO PAULO (Reuters) - Brazilian airline Gol announced on Friday that its board elected Eduardo Gotilla as its new chief financial officer, while also posting preliminary results for April including net debt of $4.5 billion as part of the carrier's ongoing bankruptcy proceedings. Gotilla was the CFO of power company Light through last January. He replaces Mario Tsuwei Liao in...
Jennifer Lopez cancels 'This Is Me...Live' tour to be with family
Jennifer Lopez cancels 'This Is Me...Live' tour to be with family
May 31, 2024
LOS ANGELES, May 31 (Reuters) - Jennifer Lopez said on Friday that her This Is Me... Live Summer concert tour has been canceled so she can take time to be with her family. Representatives of Live Nation also announced on Friday that the On the Floor singer needs a break to be with her children, family and close friends. Lopez...
US NTSB to probe Wednesday's near-miss between planes at Washington airport
US NTSB to probe Wednesday's near-miss between planes at Washington airport
May 31, 2024
WASHINGTON, May 31 (Reuters) - The National Transportation Safety Board said on Friday it will open an investigation into a near-collision earlier this week between an American Airlines ( AAL ) jet and a small airplane at Reagan Washington National Airport. The Federal Aviation Administration said earlier that an air traffic controller on Wednesday had canceled takeoff clearance for American...
Coterra Energy to close GDS facility in Marcellus Business Unit
Coterra Energy to close GDS facility in Marcellus Business Unit
May 31, 2024
May 31 (Reuters) - Oil and gas producer Coterra Energy Inc ( CTRA ) is planning to close its GasSearch Drilling Services (GDS) facility to centralize operations at the Marcellus Business Unit in Lenox, Pennsylvania, the company said on Friday. GDS Construction and Roustabout Services departments have been eliminated along with certain positions within the maintenance and trucking departments, the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved