Delta Air Lines is facing a fresh Latin American headache as a Monday deadline nears for former Brazilian partner Gol Linhas Aereas Inteligentes to repay a $300 million loan that the U.S. carrier guaranteed. If Gol fails to repay – which ratings agencies say is looking more likely – Delta would have to honor the debt on Gol’s behalf, honoring the five-year-old agreement. Gol’s struggles are just the latest challenge for Delta, whose investments in Latin America, once seen as a growth area, have faltered due to COVID-19. …read more
Source:: Yahoo Finance
