GOL Secures $68m Finance For CFM56s

Brazilian carrier GOL has finalised a $68m finance deal with Credit Agricole, which guarantees 12 proprietary spare CFM56-7B engines. Under the seven-year agreement GOL has the option to extend the finance by a further $100m to buy more engines. In May, the LCC announced that it had achieved its highest Q1 revenue since its launch in 2003, with net revenues 20 per cent higher than Q12013. It also confirmed that its operating income had increased 43 per cent year-on-year and its load factor improved by almost eight per cent to 76.1 per cent.

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