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GOL CFO: Avianca Brazil’s ‘situation highlighted the shared credit risk between airlines and FFP’

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March 4, 2019

Gol Linhas Aéreas CFO Richard Lark, speaking on the 4Q2018 financial results call, commented (01-Mar-2019) on Avianca Brazil‘s chapter 11 filling and its effects on FFP Amigo, stating: “That situation highlighted the shared credit risk between airlines and their affiliated FFPs and that will make it more difficult for programmes to finance themselves on a stand alone basis”.

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