Gol said it executed a definitive agreement related to its joint venture to create a low-fare airline in Mexico. The proposed holding company for the new airline has been incorporated in Mexico as Controladora Prosea, with Gol holding 25% of the voting capital stock and approximately 47.6% of the total capital stock. The remaining capital is subscribed by Mexican investors. The company is capitalized at $40 million, of which $19 million will come from Gol. Startup of service is expected ...

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