GOL Linhas Reports Fair Related Party Transactions

GOL Linhas Aereas Inteligentes SA (GOLLQ) has released an update.

GOL Linhas Aéreas Inteligentes S.A., a major Brazilian airline, has disclosed details of its transactions with related parties Smiles Fidelidade S.A., Pagol Sociedade de Crédito Direto S.A., Pagol Participações Societárias Ltda., and Comporte Participações S.A. The company asserts that these transactions, which include a Miles Accumulation Partnership Agreement and a Smiles Miles Advance Purchase Agreement, were conducted under terms consistent with those offered to independent third parties, ensuring fairness and proper compensatory payment.

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