Gol Linhas announced credit insurance policy for engine financing

GOL Linhas announced yesterday morning that it has received approval to access a newly developed credit insurance policy structured with the support of the Executive Secretariat of the Chamber of Foreign Trade and backed by the Export Guarantee Fund. The credit insurance policy can be used to enable maintenance services provided exclusively in Brazil by the GE-Celma MRO maintenance unit, supporting the local economy of Petropolis, in the metropolitan region of Rio de Janeiro, and allowing Gol to seek third-party credit lines of up to $209M to finance the maintenance of its CFM56-7B engines, the company said in a statement.