GOL accelerates fleet renewal, modernization plan

Brazil-based GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL) (B3: GOLL4) has announced a further acceleration of its fleet renewal and modernization plan, the company said.

The company has announced the execution of sale and leaseback agreements, with Castlelake and Apollo Aviation, for 13 Boeing 737 Next Generation (NG) aircraft in the GOL fleet that will be replaced with Boeing 737 MAX-8 aircraft over the next few years.

GOL´s fleet upgauging drives operating efficiency and operating leverage. The 737 MAX will be the backbone of GOL´s fleet, increasing average seat per aircraft and bringing incremental cost per seat to very low levels. GOL Linhas Aéreas Inteligentes S.A. (“GOL”)

GOL serves more than 30 million passengers annually. With Brazil´s largest network, GOL offers customers more than 700 daily flights to 69 destinations in 10 countries in South America, Caribbean and the United States.