Credit Agricole finalizes engine deal with GOL

Credit Agricole Corporate and Investment Bank has closed a US$68 million financing deal with GOL Linhas Aéreas Inteligentes for 12 spare CFM56-7B engines.

The financing is over a seven-year period. The deal is part of GOL’s stated strategy of maintaining liquidity and reducing the cost of the company’s debt. Credit Agricole acted as the sole underwriter and arranger.