GOL accelerates renewal of 737 MAX fleet renewal

Brazil-based airline GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL and B3: GOLL4) has announced the acceleration of its fleet renewal and modernization plan and the execution of operating lease agreements for 11 Boeing 737 MAX 8 aircraft with Avolon, the company said.

GOL will maintain its capacity discipline, and the decision to accelerate its fleet renewal maintains the flexibility of GOL´s fleet plan. The accelerated fleet renewal will not alter GOL´s planned capacity, as the Company will simultaneously return and/or sell 737 Next Generation (NG) aircraft under operating and finance leases.

GOL launched operations with the 737 MAX 8 in July 2018. Compared to GOL´s 737-800 NG aircraft, the MAX 8 has decreased fuel consumption on GOL´s routes by approximately 15%.

The additional 737 MAX 8s will allow GOL to launch a new international destination every quarter over the next two years.

GOL has an order for 135 Boeing 737 MAX aircraft to be delivered through 2028 and is currently the largest 737 operator in Latin America and one of the largest in the world.

GOL Linhas Aéreas Inteligentes S.A. 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.