American Airlines announced it has signed a definitive investment agreement with GOL, the Brazilian carrier. This investment will deepen the relationship between the two airlines and help them “create the broadest and most rewarding network in the Americas.” Last...
Earlier this week, the Brazilian carrier GOL and Castlelake secured financing for a Boeing 737 MAX order. The financing will be worth up to $600 million and will allow the airline to finance the acquisition of new 737 MAX 8 aircraft. The Brazilian carrier GOL is...
Sixteen months after the termination of a contract for 34 Boeing MAX 8s, Brazil’s GOL Linhas Aereas original MAX fleet strategy is more or less back on track. On August 3, the carrier announced a follow-on order for 28 MAX 8s for delivery from late 2022. GOL has...
The Brazilian carrier GOL Linhas Aereas posted a $416 million net loss in 2020 due to the impact of the COVID-19 pandemic worldwide. Additionally, in 2020, GOL saw a 54 percent decrease in revenue passengers. The airline carried 16.7 million passengers last year,...
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