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Amid bankruptcy process, Brazil airline Gol swaps finance chief
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Amid bankruptcy process, Brazil airline Gol swaps finance chief
May 31, 2024 7:57 PM

SAO PAULO, May 31 (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).

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