GOL has secured a financing facility of up to $160 million to fund eligible engine maintenance work carried out by GE Celma, using a government-backed guarantee structure from Brazil’s ABGF. The deal provides multiple drawdowns under a master programme, with each tranche carrying a 36-month tenor, and is designed to support engine shop visits while preserving the airline’s liquidity and fleet reliability.
The structure names Citibank, GE Aerospace and ABGF alongside GOL and GE Celma, and directs proceeds to eligible maintenance work rather than general corporate purposes. That makes the facility a dedicated MRO financing tool at a time when engine servicing remains one of the largest recurring cash demands for airlines.
GOL framed the arrangement as a long-term funding source for maintenance needs, with repayment tied to quarterly debt service under each drawdown. The use of an ABGF guarantee links the transaction to Brazil’s export- and services-support framework, reflecting a financing model that can reduce near-term pressure on airline balance sheets while keeping maintenance spending operationally ring-fenced.