$300 mm commitment places Gol under pressure

Gol, are under 15 days away from honouring a $300 million commitment to Delta Airlines. With cash increasingly tight, with no money from the National Bank for Economic and Social Development (BNDES) and private banks turning off the credit line, risk agencies Fitch and S&P have already passed the message: the company will need to restructure its liabilities.

Source: Isto É