Gol Approves Capital Increase

Gol Linhas Aereas Inteligentes, the Brazilian low-cost airline, has approved BRL203.5m capital increase through issuing 26.1m shares, including 6.6m common units and 19.5m preferred at BRL7.80 each. The level is equivalent to 90.9% of the average closing price of the preferred shares during the last 30 trading sessions, which was BRL8.58, and to 83.2% of the average closing price during the last 60 trading sessions, which was BRL9.37, says Gol.