GOL offers advanced ticket sales to Smiles Fidelidade

Brazilian airlines GOL Linhas Aéreas Inteligentes S.A. (B3: GOLL4) (NYSE: GOL) has announced that, pursuant to Article 12 of CVM Instruction 358/2002, it is offering an advanced sale of airline tickets to Smiles Fidelidade SA, the company said.

The advanced sale, made with the consent of the company, will also act as guarantor of all obligations of GLA under said agreement.

The total sale amount was BRL 1,200,000,000 and will be remunerated at 115% of the CDI rate (approximately 3.5% p.a.). The parties negotiated certain commercial conditions to the benefit of Smiles.