Abra Group, the principal shareholder of Brazilian airline Gol (GOLL4), is nearing a deal for a critical $1.3 billion loan. This funding, provided by investment firm Castlelake, aims to stabilize Gol’s finances. Owning Colombian airline Avianca adds complexity to Abra’s financial landscape. Minneapolis-based Castlelake is a global alternative investment firm with approximately $22 billion in […]
Related Posts
Ecopetrol’s President Stands Firm Amid Electoral Probe into Petro’s Campaign
Ricardo Roa, the president of Ecopetrol, remains in his position despite recent controversies. The Colombian National Electoral Council has opened an investigation into alleged excessive spending in President Gustavo Petro’s campaign. Roa, who served as Petro’s campaign manager, now faces scrutiny in his role at the state-owned oil company. Ecopetrol’s Board of Directors held an […]

Russia to maintain grain exports to Africa despite sanctions
Despite existing sanctions on Russia, President Vladimir Putin has committed to maintaining grain supplies to African nations. This announcement was made in anticipation of the second Russia-Africa summit in St. Petersburg later this week. Acknowledging the crucial role of steady food supplies in socio-economic development and political stability, Putin affirmed Russia’s consistent focus on supplying […]
Brazil sends 3,000 Troops to Guard Yanomami Territory Against Illegal Mining
The Brazilian Army’s move to deploy 3,000 troops to the Yanomami Indigenous Territory marks a significant effort to safeguard this critical region. General Tomás Paiva leads deployment addressing urgent crisis from illegal mining, providing essential security and support. Illegal mining has devastated the environment and endangered the Yanomami people’s health, causing diseases and malnutrition. The […]