Gol Airline Founder Constantino Detained by Brazil Police on Murder Charge

Constantino de Oliveira, founder of Brazilian airline Gol Linhas Aereas Inteligentes SA, was detained in Brasilia yesterday for his alleged involvement in the attempted murder of his son-in-law.

Nene Constantino, as he is known, was detained together with a former military policeman who is accused of committing the crime in June 2008, according to an e-mailed statement from the civil police department. Constantino is the father of Gol Chief Executive Officer Constantino de Oliveira Jr.

Marcelo de Bessa, a lawyer representing Constantino, didn’t immediately return a call left with his secretary in Brasilia today. A Gol official in Sao Paulo declined to comment by phone because Constantino doesn’t work for the company.

Eduardo Queiroz Alves, Constantino’s son-in-law, was exiting a garage in his vehicle when an unidentified man, who was standing at a bus stop, approached the moving car and shot at him from a meter away, according to the civil police e-mail. Queiroz Alves was unharmed.

Gol fell 3.3 percent to 24.89 reais in Sao Paulo. The shares have fallen 4.6 percent this year, compared with a 1.9 percent drop in Brazil’s benchmark Bovespa index.

To contact the reporter on this story: Laura Price in London at lprice3@bloomberg.net

To contact the editor responsible for this story: Francisco Marcelino at mdeoliveira@bloomberg.net

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