Amid bankruptcy process, Brazil airline Gol swaps finance chief

Brazilian airline Gol announced on Friday that its board elected Eduardo Gotilla as its new CFO, while also posting preliminary results for April including net debt of $4.5b as part of the carrier's ongoing bankruptcy proceedings. Gotilla was the CFO of power company Light through last January. He replaces Mario Tsuwei Liao in the same role at Gol and is set to start on June 3, the airline said in a securities filing. Gol added that Tsuwei will serve as an adviser for special projects for the airline. In a separate filing, Gol released preliminary results for April, part of the monthly data it must disclose due to the bankruptcy process the Brazilian airline entered in the United States earlier this year. Gol reported a $76m net loss for April, which was adjusted to exclude exchange rate losses. It also posted net revenue of $259m for the month and $26m in earnings before interest, taxes, depreciation and amortization (EBITDA).<br/>