Gol separates loyalty program before IPO decision

Discussion in 'Other Airlines | South America' started by sobore, Nov 16, 2012.  |  Print Topic

  1. sobore
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    sobore Gold Member

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    http://www.colloquy.com/breaking_view.asp?xd=10058

    Brazilian airline Gol Linhas Aereas will structure its Smiles customer loyalty program as a separate business unit by the end of the year and decide on a possible public listing of the division in April or May, executives said on Wednesday. An initial public offering of the loyalty program would provide a welcome burst of new capital for Gol as it struggles to reverse operating losses this year due to softer domestic demand and high fuel prices."

    Read More: http://www.colloquy.com/breaking_view.asp?xd=10058
     
    OY-JFS and uggboy like this.
  2. OY-JFS
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    OY-JFS Gold Member

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    Smiles is only interesting for brazilian residents. Hope they would change that...
     

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