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UPDATE 3-Delta, Gol boost air accord in $446 mln stock, debt deal

2015-07-11 07:59:06| Airlines - Topix.net

U.S. carrier Delta Air Lines Inc will expand its alliance with Brazil's Gol Linhas Aereas Intelligentes SA under a $446 million stock and loan agreement, Gol said on Friday in a statement. Under the accord, Gol's controlling shareholder, Brazilian investment fund FIP Volluto, will buy up to $90 million and Delta up to $56 million of new Gol preferred stock.

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