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 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).

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 >
BRIEF-Saudi's Seera Group Sells Its 1.25 Mln Shares In Uber For SAR 380 Mln
BRIEF-Saudi's Seera Group Sells Its 1.25 Mln Shares In Uber For SAR 380 Mln
Mar 4, 2024
March 5 (Reuters) - SEERA HOLDING GROUP SJSC: * UPDATES ON CAREEM INCS AGREEMENT WITH UBER TECHNOLOGIES INC TO ACQUIRE CAREEMS ASSETS FOR $3.1 BILLION * GROUP ANNOUNCES COMPLETION OF THE SALE OF ITS SHARES, AMOUNTING 1,249,264 SHARES, IN UBER FOR A TOTAL VALUE OF SAR 380.0 MILLION * DEAL YIELDED A TOTAL ADDITIONAL GAIN FOR GROUP OF SAR 164.6...
Mexico's Pemex reports 44% surge in debt since October
Mexico's Pemex reports 44% surge in debt since October
Mar 4, 2024
MEXICO CITY, March 4 (Reuters) - Mexican state oil company Pemex's debt with suppliers and contractors surged 44% between its October and February debt reports, reaching 139.12 billion pesos ($8.20 billion). According to the report, published on Monday, Pemex's invoiced obligations for 2023 and 2024 total 138.85 billion pesos, with projects and materials pending invoice at the end of February...
Bayer CEO says he will not break up the company for now
Bayer CEO says he will not break up the company for now
Mar 4, 2024
FRANKFURT, March 5 (Reuters) - Bayer said on Tuesday that it does not plan to change the group's diversified structure in the near future and will instead focus on improving the operating performance of the maker of drugs and farming products. Our answer is 'not now' - and this shouldn't be misunderstood as 'never', CEO Bill Anderson said in a...
Dollar a spectator to China news, yen wobbles as rate risks loom
Dollar a spectator to China news, yen wobbles as rate risks loom
Mar 4, 2024
SYDNEY (Reuters) -The dollar was steady against the yuan on Tuesday as markets digested policy statements out of China that were short on big stimulus measures, while a rebound in Tokyo inflation seemed to take Japan a step closer to the end of negative interest rates. Crypto mania is still running wild, with bitcoin trading near $66,000, having surged to...
Copyright 2023-2026 - www.financetom.com All Rights Reserved