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Brazil airline Gol taps loyalty program for a $225 million cash advance
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Brazil airline Gol taps loyalty program for a $225 million cash advance

Gol Linhas Aereas Inteligents will tap its loyalty program to get a cash advance of 1.2 billion reais ($225.81 million), the company said on Monday, as airlines worldwide continue to struggle financially due to the pandemic.

The deal will work through advanced ticket sales, trips that Gol will then have to provide to the clients of the loyalty program, Smiles Fidelidade .

Smiles is a separate company but is controlled by the Brazilian airline…

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