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Brazil's Gol pays $300 million loan guaranteed by Delta: filing

FILE PHOTO: Delta Air Lines passenger planes are seen parked due to flight reductions made to slow the spread of coronavirus disease (COVID-19), at Birmingham-Shuttlesworth International Airport in Birmingham, Alabama, U.S. March 25, 2020. REUTERS/Elijah Nouvelage/File Photo

SAO PAULO (Reuters) - Brazilian airline Gol Linhas Aereas Inteligentes GOLL4.SA said on Tuesday it paid a $300 million debt guaranteed by U.S. carrier Delta Air Lines DAL.N, according to a securities filing.

Gol added that after this payment, the company’s debt maturity will be around four years. “Going forward, we have no significant debt maturities until 2024,” said Chief Financial Officer Richard Lark.

If Gol had not paid this loan, Delta would have to honor it, adding a burden to the U.S. carrier which is also struggling with the coronavirus crisis.

Gol ended August with a cash and receivables position of 2.1 billion reais ($386.59 million) after this debt payment, it said.

Reporting by Carolina Mandl; Editing by Chizu Nomiyama

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