GOL announces transactions for 12 Boeing 737 aircraft

USA - English

• Brazil - Português

SÃO PAULO, Sept. 5, 2017 /PRNewswire/ -- GOL Linhas Aéreas Inteligentes S.A. ("GOL" or "Company"), (NYSE: GOL and B3: GOLL4), Brazil's #1 airline, announces sale and leaseback transactions with GE Capital Aviation Services ("GECAS") for seven aircraft, including five Boeing 737 MAX 8 aircraft and two Boeing 737-800 Next Generation (NG) aircraft. Additionally, the Company signed the direct operating lease of five additional 737 MAX 8 aircraft.

Keith Leverkuhn, Boeing's vice president and 737 MAX general manager, explained that the 737 NG and the MAX have both been designed for world-class efficiency, reliability, and flexibility.  "The lightweight design of the 737 MAX plus the new engine and aerodynamic technologies make the MAX incredibly fuel efficient," says Leverkuhn.  According to Boeing, the fuel use per seat of the 737 MAX is as much as 20% lower than the airplanes it replaces in service.

GOL's new 737 MAX 8 aircraft, which will begin to arrive in the second half of 2018, with capacity for 186 customers will be configured with GOL+Conforto seats in the domestic flights and GOL Premium Class on international routes.  The 737 MAX-8 aircraft have flight autonomy of up to 6,500 km (compared to the 5,500 km of the 737-800 NG) and GOL can offer non-stop flights from Brazil to any destination in Latin America and Florida.

"These transactions with GECAS will increase the number of Boeing 737 MAX 8 aircraft planned for 2018 from five to six, without changing our overall fleet plan of 121 aircraft at year-end 2018," said Celso Ferrer, GOL's Planning Vice President. The Company has a fleet of 120 Boeing 737 aircraft.

About GOL Linhas Aéreas Inteligentes S.A.
Brazil's is largest airline group. GOL is Brazil's largest airline, carrying 33 million passengers annually on more than 700 daily flights to 63 destinations, 52 in Brazil and 11 in South America and the Caribbean, on a fleet of 120 Boeing 737 aircraft, with a further 120 Boeing 737 MAX on order. GOLLOG is a leading cargo transportation and logistics business serving more than 2,200 Brazilian municipalities and, through partners, 205 international destinations in 95 countries. SMILES is one of the largest coalition loyalty programs in Latin America, with over 12 million registered participants, allowing clients to accumulate miles and redeem tickets for more than 700 locations worldwide. GOL has a team of more than 15,000 highly skilled aviation professionals delivering Brazil's top on-time performance, and an industry leading 16 year safety record. GOL's shares are traded on the NYSE (GOL) and the B3 (GOLL4).

For further information visit www.voegol.com.br/ir  

SOURCE GOL Linhas Aereas Inteligentes S.A.

Related Links

http://www.voegol.com.br/ir