Gol Tries Cutting Biggest Debt With Smiles IPO

Gol Tries Cutting Biggest Debt With Smiles IPO

Dado Galdieri/Bloomberg

The IPO comes as Gol Linhas Aereas Inteligentes SA struggles to fill seats and boost revenue because fewer Brazilians are flying, fuel bills keep rising and its U.S. dollar-denominated debt is coming due.