GOL CFO: Avianca Brazil’s ‘situation highlighted the shared credit risk between airlines and FFP’

    Gol Linhas Aéreas CFO Richard Lark, speaking on the 4Q2018 financial results call, commented (01-Mar-2019) on Avianca Brazil‘s chapter 11 filling and its effects on FFP Amigo, stating: “That situation highlighted the shared credit risk between airlines and their affiliated FFPs and that will make it more difficult for programmes to finance themselves on a stand alone basis”.