GOL's 2007 Pre-Delivery Payment (PDP) Loan Facility Named South America
Aircraft Debt Deal of the Year by Jane's Transport Finance
SAO PAULO, Brazil, Dec. 7 /PRNewswire-FirstCall/ -- GOL Linhas Aereas
Inteligentes S.A. (NYSE: GOL and Bovespa: GOLL4), the parent company of
Brazil's low-cost airlines, GOL Transportes Aereos S.A. and VRG Linhas Aereas
S.A., announces that GOL Transportes Aereos S.A.'s 2007 committed aircraft
pre-delivery payment (PDP) loan facility was named the South America Aircraft
Debt Deal of the Year by Jane's Transport Finance.
The completed loan facility totaled US$310 million for all 21 Boeing 737-
800 Next Generation aircraft to be delivered in 2008 and 2009. The facility, a
clubbed financing which comprises eight banks, was led by Calyon and
Citigroup. "We're pleased with the support these world-class financial
institutions provided to us, ensuring additional financial flexibility to
continue lowering our operating costs and better serving the demand for safe,
high quality transportation service in Brazil and South America," says Richard
Lark, GOL's Chief Financial Officer.
Now in its 8th year, Jane's Transport Finance Awards recognize financiers,
bankers and lawyers working within the transport finance industry. Judged by a
panel of leading experts and the Jane's Transport Finance editorial board, the
awards are presented annually to leaders in the aviation, legal, shipping,
rail and road industries. Each winner is judged on a specific deal which
demonstrates how their finance house or bank has shown particular innovation
and skill in securing finance for transportation assets.
"GOL has distinguished itself by accessing funding from the top tier of
aircraft finance banks. This is no mean feat, especially in an industry
reeling from high fuel costs. The inclusion of these banks is a testament to
GOL's strong and savvy management team and an equally strong business plan.
GOL looks positioned to remain a major player in the future," says Jim Smith,
editor, Jane's Transport Finance.
"We are proud that our PDP loan facility was named the South America
Aircraft Debt Deal of the Year and we remain focused on expanding our fleet
through smart financial decisions that keep our costs low and give us greater
flexibility," adds Lark.
U.K.-based Jane's Transport Finance is a bi-monthly magazine providing
finance intelligence, including pricing, structure, arrangers and lenders for
debt deals.
CONTACT
Investor Relations
Ph: (5511) 3169 6800
ri@golnaweb.com.br
www.voegol.com.br/ir
Media - U.S. & Europe
Edelman; G. Juncadella and M. Smith
Ph:+1 (212) 704-4448/704-8196
gabriela.juncadella@edelman.com;
meaghan.smith@edelman.com
SOURCE GOL Linhas Aereas Inteligentes S.A.
Investors, GOL, +011-5511-3169-6800, ri@golnaweb.com.br; or media, U.S. &
Europe, G. Juncadella, +1-212-704-4448, gabriela.juncadella@edelman.com, or M.
Smith, +1-212-704-8196, meaghan.smith@edelman.com, both of Edelman for GOL
