Gol informs that Delta sold stake in the company

Delta Air Lines has sold in recent days its shareholding in Gol and now has no more corporate ties with the company, the Brazilian area company said, citing correspondence received by former U.S. shareholders. "With the exception of the divestments, Delta does not hold any other securities or derivatives related to or referenced to Gol's shares," says excerpt from Delta's statement, released by Gol. At the end of September, the U.S. airline announced that it would sell its long-standing stake in the Brazilian airline after a 20% stake in Latam Airlines for $1.9 billion. At the end of October, Delta has a 9.4% share in Gol's ownership. According to Gol, after delta's preferred stock sales, the percentage of shares in circulation in the company's market will be 47% and the average daily volume traded is expected at R$ 200 million.