GOAL: Ricardo Costantino resigns to the vice -president of the Airline Board of Directors

The movements, after the judicial recovery, include the appointment of Manuel Irarázaval, Chief Financial Officer of the Obra group, as a member of the GOAL BOARD OF GIOD

THE Objective On Friday 6, they announced the resignation of Ricardo Costantino, one of the family members who founded the airline, as vice -president of the company’s board of directors.

The executive will be replaced by Antonio Kandir. Change occurs following the file Departure from the company of chapter 11 (equivalent to judicial recoveryusUnited States), previously announced.

The movements also include the appointment of Manuel Irarázaval, financial director of Abra Groupas a member of the Board of Directors of Gol. With judicial recovery procedures, the participation of airlines began to hold about 80% of the shares of the Brazilian airline.

The executive Paul Stewart Aronzon, in turn, resigned as an independent member of the Council, according to the report of the meeting published by goal.

With the process in chapter 11, which lasted almost a year and a half, the air was able to increase the cashier. However, the macroeconomic scenario and doubts about the progress of the merger with the Blue Follow the radar, generating uncertainties on the new moment of the company.

After collecting $ 1.9 billion when he moved away from the case and fully rewarded his financing as Dip (specific for companies in judicial recovery), Gol claims to have a “solid liquidity position” of about $ 900 million.

The figure, which corresponds to about 4.7 billion dollars, represents a significant leap compared to the pre-chapter period 11. In the fourth quarter of 2023, last before the start of the trial in January 2024, the air had about 782 million dollars in cash.

In the announcement of the completion of the recovery, the company also mentions the financial lever, measured for debt/ebitda (the operating result), “significantly reduced” to 5.4 times and leverage less than 3 times until the end of 2027.

Source: Terra

Rose

Rose James is a Gossipify movie and series reviewer known for her in-depth analysis and unique perspective on the latest releases. With a background in film studies, she provides engaging and informative reviews, and keeps readers up to date with industry trends and emerging talents.