SAO PAULO (Reuters) – Brazilian airline Gol said on Friday its board had elected Eduardo Gotilla as its new chief financial officer and also released preliminary results for April, including net debt of $4.5 billion as part of the carrier’s ongoing bankruptcy proceedings.
Gotilla was chief financial officer of energy company Light until January last year. He will replace Mario Cuwei Liao in the same position at Gol and will begin work on June 3, the airline said in a securities filing.
Gol added that Cuwei will serve as a consultant on special projects for the airline.
In a separate document, Gol published preliminary results for April, part of the monthly data it must disclose in connection with the bankruptcy process the Brazilian airline began in the United States earlier this year.
Gol reported a net loss of $76 million for April, which was adjusted for foreign exchange losses.
The company also reported net revenue of $259 million for the month and earnings before interest, taxes, depreciation and amortization (EBITDA) of $26 million.